Altitude Group (LON:ALT) Stock Price Up 10% – Should You Buy?

Altitude Group plc (LON:ALT) rose 10% during trading on Friday . The stock traded as high as GBX 22 and last traded at GBX 22. Approximately 192,274 shares were traded during trading, an increase of 180% from the average daily volume of 68,686 shares. The stock had previously closed at GBX 20.

Altitude Group Price Performance

The company has a market cap of £15.31 million, a PE ratio of 12.96 and a beta of 1.25. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.99 and a quick ratio of 2.36. The stock’s 50-day moving average is GBX 24.35 and its 200 day moving average is GBX 23.05.

Insiders Place Their Bets

In other Altitude Group news, insider Alexander Brennan acquired 60,606 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average price of £2,475 per share, for a total transaction of £149,999,850. Also, insider Martin Roy Varley acquired 115,473 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was acquired at an average cost of GBX 22 per share, with a total value of £25,404.06. Over the last ninety days, insiders have bought 394,201 shares of company stock worth $15,007,754,700. Insiders own 37.96% of the company’s stock.

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.