Altitude Group (LON:ALT) Trading 16.2% Higher – Should You Buy?

Shares of Altitude Group plc (LON:ALT) traded up 16.2% during mid-day trading on Monday . The stock traded as high as GBX 27 ($0.35) and last traded at GBX 26.90 ($0.35). 495,011 shares traded 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 Up 16.2 %

The company has a quick ratio of 2.36, a current ratio of 1.99 and a debt-to-equity ratio of 3.59. The company’s fifty day moving average price is GBX 24.78 and its 200-day moving average price is GBX 28.01. The stock has a market capitalization of £19.57 million, a PE ratio of 28.79 and a beta of 1.25.

Insider Activity at Altitude Group

In related news, insider Graham Feltham purchased 30,364 shares of Altitude Group stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of GBX 25 ($0.32) per share, for a total transaction of £7,591 ($9,815.10). Also, insider Deborah Wilkinson acquired 26,750 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of GBX 26 ($0.34) per share, for a total transaction of £6,955 ($8,992.76). 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.