Altitude Group (LON:ALT) Stock Price Up 16.2% – Still a Buy?

Shares of Altitude Group plc (LON:ALT) traded up 16.2% on Monday . The company traded as high as GBX 27 ($0.35) and last traded at GBX 26.90 ($0.35). 495,011 shares changed hands during trading, an increase of 775% from the average session volume of 56,582 shares. The stock had previously closed at GBX 23.15 ($0.30).

Altitude Group Stock Performance

The stock has a market capitalization of £18.37 million, a price-to-earnings ratio of 27.02 and a beta of 1.25. The company’s fifty day simple moving average is GBX 24.80 and its 200 day simple moving average is GBX 27.91. The company has a quick ratio of 2.36, a current ratio of 1.99 and a debt-to-equity ratio of 3.59.

Insider Buying and Selling

In other Altitude Group news, insider Deborah Wilkinson bought 26,750 shares of Altitude Group stock in a transaction on Monday, March 10th. The shares were purchased at an average price of GBX 26 ($0.34) per share, with a total value of £6,955 ($8,991.60). Also, insider Nichole Stella bought 50,000 shares of the stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of GBX 26 ($0.34) per share, with a total value of £13,000 ($16,806.72). Insiders have purchased 107,114 shares of company stock valued at $2,754,600 over the last 90 days. 56.49% of the stock is 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.