Altitude Group (LON:ALT) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Altitude Group plc (LON:ALT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 33.95 ($0.42) and traded as low as GBX 26.33 ($0.33). Altitude Group shares last traded at GBX 26.33 ($0.33), with a volume of 3,417 shares changing hands.

Altitude Group Stock Performance

The business has a 50-day moving average of GBX 29.70 and a 200 day moving average of GBX 33.95. The stock has a market cap of £19.93 million, a PE ratio of 2,750.00 and a beta of 1.25. The company has a debt-to-equity ratio of 3.59, a quick ratio of 2.36 and a current ratio of 1.99.

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.