Altitude Group (LON:ALT) Stock Price Up 12.5% on Insider Buying Activity

Shares of Altitude Group plc (LON:ALT) rose 12.5% on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 27 ($0.37) and last traded at GBX 27 ($0.37). Approximately 138,350 shares were traded during trading, an increase of 92% from the average daily volume of 72,115 shares. The stock had previously closed at GBX 24 ($0.33).

Specifically, insider Alexander Brennan acquired 60,606 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were bought at an average price of £2,475 per share, with a total value of £149,999,850. Also, insider Martin Roy Varley acquired 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of GBX 23 per share, for a total transaction of £19,550. In other news, insider Martin Roy Varley acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of GBX 23 per share, with a total value of £4,600.

Altitude Group Stock Performance

The company has a debt-to-equity ratio of 3.59, a quick ratio of 2.36 and a current ratio of 1.99. The company has a market cap of £19.69 million, a price-to-earnings ratio of 1,666.67 and a beta of 1.25. The company has a fifty day moving average of GBX 21.60 and a two-hundred day moving average of GBX 22.56.

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.