Altitude Group (LON:ALT) Trading 8.3% Higher – Still a Buy?

Altitude Group plc (LON:ALT)’s share price was up 8.3% on Thursday . The company traded as high as GBX 26.04 ($0.32) and last traded at GBX 26 ($0.32). Approximately 91,906 shares were traded during mid-day trading, an increase of 190% from the average daily volume of 31,691 shares. The stock had previously closed at GBX 24 ($0.30).

Altitude Group Trading Up 3.8 %

The company’s fifty day moving average is GBX 26.79 and its 200-day moving average is GBX 31.11. 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 firm has a market capitalization of £19.93 million, a P/E ratio of 2,749.90 and a beta of 1.25.

Altitude Group (LON:ALT) last released its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 0.66 ($0.01) earnings per share (EPS) for the quarter. Altitude Group had a net margin of 2.90% and a return on equity of 6.94%. As a group, sell-side analysts anticipate that Altitude Group plc will post 3.0789238 earnings per share for the current fiscal year.

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.