Altitude Group (LON:ALT) Sets New 52-Week Low – Time to Sell?

Altitude Group plc (LON:ALT)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 18 and last traded at GBX 19, with a volume of 59760 shares trading hands. The stock had previously closed at GBX 18.56.

Altitude Group Price Performance

The firm has a market capitalization of £13.89 million, a P/E ratio of 24.99 and a beta of 0.57. The firm has a 50 day moving average price of GBX 20.81 and a 200-day moving average price of GBX 21.43. The company has a current ratio of 1.50, a quick ratio of 2.36 and a debt-to-equity ratio of 21.51.

Insider Activity

In related news, insider Bob Wigley acquired 100,000 shares of the stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of GBX 26 per share, with a total value of £26,000. 38.20% of the stock is owned by 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.