Altitude Group (LON:ALT) Shares Cross Below 200-Day Moving Average – Here’s Why

Altitude Group plc (LON:ALT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 34.76 ($0.44) and traded as low as GBX 27 ($0.34). Altitude Group shares last traded at GBX 28 ($0.35), with a volume of 13,650 shares.

Altitude Group Price Performance

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 stock has a market capitalization of £20.22 million, a price-to-earnings ratio of 2,790.00 and a beta of 1.25. The business’s 50 day simple moving average is GBX 30.25 and its 200-day simple moving average is GBX 34.58.

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.