Altitude Group (LON:ALT) Hits New 52-Week Low – Time to Sell?

Altitude Group plc (LON:ALT) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 18 and last traded at GBX 19, with a volume of 59760 shares. The stock had previously closed at GBX 18.56.

Altitude Group Stock Performance

The stock’s 50-day simple moving average is GBX 20.87 and its 200 day simple moving average is GBX 21.46. The company has a debt-to-equity ratio of 28.96, a quick ratio of 2.36 and a current ratio of 1.50. The company has a market capitalization of £13.90 million, a PE ratio of 25.00 and a beta of 0.57.

Insider Buying and Selling

In related news, insider Alexander Brennan bought 52,840 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of GBX 23 per share, with a total value of £12,153.20. Also, insider Bob Wigley bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average cost of GBX 26 per share, for a total transaction of £26,000. Over the last three months, insiders acquired 252,840 shares of company stock worth $6,115,320. Insiders own 38.20% 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.