Altitude Group (LON:ALT) Trading 12.5% Higher After Insider Buying Activity

Shares of Altitude Group plc (LON:ALT) shot up 12.5% during mid-day trading on Thursday following insider buying activity. The stock traded as high as GBX 27 ($0.37) and last traded at GBX 27 ($0.37). 138,350 shares traded hands during trading, an increase of 92% from the average session volume of 72,115 shares. The stock had previously closed at GBX 24 ($0.33).

Specifically, insider Alexander Brennan purchased 60,606 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were bought at an average cost of £2,475 per share, for a total transaction of £149,999,850. Also, insider Martin Roy Varley purchased 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of GBX 23 per share, for a total transaction of £19,550. In other news, insider Martin Roy Varley purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average cost of GBX 23 per share, for a total transaction of £4,600.

Altitude Group Price Performance

The company has a debt-to-equity ratio of 3.59, a quick ratio of 2.36 and a current ratio of 1.99. The firm has a market capitalization of £20.27 million, a P/E ratio of 1,716.05 and a beta of 1.25. The stock’s 50 day simple moving average is GBX 21.55 and its 200 day simple moving average is GBX 22.55.

Altitude Group Company Profile

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.