Altitude Group (LON:ALT) Shares Pass Above 200 Day Moving Average – Here’s Why

Altitude Group plc (LON:ALT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 22.61 and traded as high as GBX 23. Altitude Group shares last traded at GBX 23, with a volume of 116,590 shares traded.

Altitude Group Stock Up 4.5%

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 firm’s fifty day moving average price is GBX 21.52 and its two-hundred day moving average price is GBX 22.61. The stock has a market cap of £16.83 million, a price-to-earnings ratio of 30.26 and a beta of 1.25.

Insider Activity

In related news, insider Alexander Brennan acquired 23,675 shares of the stock in a transaction on Monday, January 19th. The shares were acquired at an average price of GBX 21 per share, with a total value of £4,971.75. Also, insider Martin Roy Varley bought 30,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were acquired at an average price of GBX 22 per share, with a total value of £6,600. Insiders acquired a total of 98,672 shares of company stock valued at $2,150,106 in the last ninety days. 38.20% of the stock is currently 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.