Altitude Group (LON:ALT) Shares Up 8.3% – Here’s What Happened

Altitude Group plc (LON:ALT) rose 8.3% on Thursday . The stock traded as high as GBX 26.04 ($0.32) and last traded at GBX 26 ($0.32). Approximately 91,906 shares were traded during 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 Stock Performance

The firm’s 50 day simple moving average is GBX 26.79 and its 200-day simple moving average is GBX 31.11. The company has a market capitalization of £19.93 million, a price-to-earnings ratio of 2,749.90 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 (LON:ALT) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 0.66 ($0.01) EPS for the quarter. Altitude Group had a net margin of 2.90% and a return on equity of 6.94%. Analysts expect that Altitude Group plc will post 3.0789238 EPS for the current year.

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.