Altitude Group (LON:ALT) Stock Price Up 18.1% – Here’s What Happened

Altitude Group plc (LON:ALT)’s share price rose 18.1% on Thursday . The company traded as high as GBX 25.98 and last traded at GBX 25.98. Approximately 244,988 shares changed hands during mid-day trading, an increase of 235% from the average daily volume of 73,188 shares. The stock had previously closed at GBX 22.

Altitude Group Stock Down 8.0%

The company has a market capitalization of £16.83 million, a price-to-earnings ratio of 30.26 and a beta of 1.25. The company has a current ratio of 1.99, a quick ratio of 2.36 and a debt-to-equity ratio of 3.59. The company has a 50-day moving average of GBX 21.58 and a 200-day moving average of GBX 22.67.

Insiders Place Their Bets

In related news, insider Deborah Wilkinson sold 99,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of GBX 20, for a total value of £19,900. Also, insider Alexander Brennan bought 23,675 shares of Altitude Group stock in a transaction that occurred on Monday, January 19th. The stock was purchased at an average price of GBX 21 per share, with a total value of £4,971.75. Over the last quarter, insiders purchased 98,672 shares of company stock valued at $2,150,106. 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.