Altitude Director Bob Wigley Increases Stake With 200,000-Share Purchase

Altitude ( (GB:ALT) ) has issued an update.

Altitude Group plc has disclosed a share purchase by non-executive director Bob Wigley, who acquired 200,000 ordinary shares at an average price of 22.325 pence, giving him a beneficial holding of about 0.27% of the company’s issued share capital. The insider buying may be read by investors as a signal of confidence in the group’s prospects and could provide incremental support to market sentiment around the technology and services provider in the branded merchandise sector.

The most recent analyst rating on (GB:ALT) stock is a Hold with a £21.50 price target. To see the full list of analyst forecasts on Altitude stock, see the GB:ALT Stock Forecast page.

Spark’s Take on ALT Stock

According to Spark, TipRanks’ AI Analyst, ALT is a Neutral.

The score is primarily supported by a stronger balance sheet and improved profitability, but is held back by weak technical trend signals and limited valuation support (negative P/E and no dividend data). Recent corporate updates are modestly positive but secondary versus fundamentals and price action.

To see Spark’s full report on ALT stock, click here.

More about Altitude

Altitude Group plc, listed on AIM under ticker ALT, is a technology and services provider focused on end-to-end solutions for the branded merchandise and promotional products industry. The company supports customers across the promotional products value chain, offering integrated platforms and services tailored to the needs of marketers and brand owners.

Average Trading Volume: 73,960

Technical Sentiment Signal: Strong Sell

Current Market Cap: £16.07M

See more insights into ALT stock on TipRanks’ Stock Analysis page.