Altitude Group (LON:ALT) Stock Price Down 10.2% – Here’s Why

Altitude Group plc (LON:ALT) shares dropped 10.2% during trading on Thursday . The stock traded as low as GBX 21.99 and last traded at GBX 22. Approximately 194,622 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 95,835 shares. The stock had previously closed at GBX 24.50.

Altitude Group Stock Down 10.2%

The company has a debt-to-equity ratio of 28.96, a quick ratio of 2.36 and a current ratio of 1.50. The company has a market cap of £16.10 million, a PE ratio of 28.95 and a beta of 0.64. The firm has a fifty day simple moving average of GBX 22.50 and a 200 day simple moving average of GBX 22.49.

Insider Activity

In other Altitude Group news, insider Alexander Brennan purchased 52,840 shares of the stock in a transaction on Thursday, March 5th. The stock was bought at an average price of GBX 23 per share, for a total transaction of £12,153.20. Also, insider Bob Wigley bought 100,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average price of GBX 26 per share, with a total value of £26,000. Insiders acquired a total of 252,840 shares of company stock valued at $6,115,320 in the last 90 days. 38.20% of the stock is owned by company insiders.

About Altitude Group

Altitude Group plc engages in the ownership and development of technology solutions and services in North America, the United Kingdom, and Europe. The company offers patented technology platform to its network with a built-in supply chain, as well as combines an e-commerce trading platform with a cloud-based CRM and order management system for business intelligence requirements; e-commerce web solutions with in-built patented online designer and pre-loaded product databases; patented online design solutions; and virtual sample services that allow personalized design on a product with imprint technique.