Altitude Group (LON:ALT) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Altitude Group plc (LON:ALT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 23.12 and traded as low as GBX 21. Altitude Group shares last traded at GBX 21.98, with a volume of 10,001 shares.

Altitude Group Trading Up 4.7%

The business’s fifty day moving average is GBX 23.19 and its 200-day moving average is GBX 23.12. The stock has a market capitalization of £16.08 million, a PE ratio of 28.92 and a beta of 1.25. The company has a quick ratio of 2.36, a current ratio of 1.99 and a debt-to-equity ratio of 3.59.

Insider Activity

In other news, insider Martin Roy Varley acquired 30,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was acquired at an average cost of GBX 22 per share, for a total transaction of £6,600. Over the last three months, insiders have acquired 74,997 shares of company stock worth $1,652,931. 38.16% of the stock is owned by insiders.

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.