Altitude Group (LON:ALT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Altitude Group plc (LON:ALT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 23.10 and traded as low as GBX 20.33. Altitude Group shares last traded at GBX 20.33, with a volume of 173,383 shares traded.

Altitude Group Stock Down 0.9%

The stock has a market cap of £14.87 million, a price-to-earnings ratio of 26.74 and a beta of 1.25. 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’s 50-day simple moving average is GBX 22.09 and its two-hundred day simple moving average is GBX 23.10.

Insider Activity at Altitude Group

In related news, insider Deborah Wilkinson sold 99,500 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of GBX 20, for a total value of £19,900. Also, insider Martin Roy Varley acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was bought at an average price of GBX 22 per share, with a total value of £6,600. Insiders have bought 74,997 shares of company stock worth $1,652,931 over the last three months. 38.16% of the stock is 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.