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

Altitude Group plc (LON:ALT) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 18 and last traded at GBX 18, with a volume of 93 shares traded. The stock had previously closed at GBX 19.

Altitude Group Trading Down 5.3%

The firm has a market capitalization of £13.20 million, a price-to-earnings ratio of -54.55 and a beta of 0.59. The company has a quick ratio of 2.36, a current ratio of 1.43 and a debt-to-equity ratio of 8.14. The business has a 50-day moving average of GBX 20.41 and a two-hundred day moving average of GBX 22.13.

Insider Activity

In other Altitude Group news, insider Richard Sowerby acquired 14,500 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of GBX 23 per share, for a total transaction of £3,335. Corporate insiders own 36.49% 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.