Altitude Group (LON:ALT) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Altitude Group plc (LON:ALT)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 22.96 and traded as low as GBX 20.55. Altitude Group shares last traded at GBX 20.80, with a volume of 145,743 shares changing hands.

Altitude Group Stock Performance

The stock has a market cap of £15.22 million, a P/E ratio of 27.37 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. The business has a 50 day moving average price of GBX 21.63 and a two-hundred day moving average price of GBX 22.96.

Insider Activity at Altitude Group

In other Altitude Group news, insider Deborah Wilkinson sold 99,500 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of GBX 20, for a total transaction of £19,900. Also, insider Martin Roy Varley acquired 30,000 shares of Altitude Group stock in a transaction dated Friday, November 28th. The shares were bought at an average price of GBX 22 per share, for a total transaction of £6,600. Insiders acquired a total of 74,997 shares of company stock valued at $1,652,931 over the last 90 days. 38.16% of the stock is currently owned by corporate 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.