Altitude International Holdings (OTCMKTS:ALTD) Stock Consolidates After The recent Fall

Shares of Altitude International Holdings (OTCMKTS:ALTD) ended flat after the recent fall. The stock has lost about 19% in the past week.

Market Stats

On Tuesday, ALTD stock fell 0.17% at $0.1797 with more than 237.27K shares, compared to its average volume of 131.13K shares. The stock has moved within a range of $0.1607 – 0.1799 after opening the trade at $0.1709.

Altitude Water Solves Supply Chain Challenges With Air-To-Pure-Water Machines To Quickly Hydrate U.S. Military

Wholly-owned subsidiary of Altitude International Holdings (OTCMKTS:ALTD), Altitude Water, on November 2, 2021, announced successfully developing and redesigning a new recirculating Maxim unit together with a new Maxim water unit for the U.S military. This will be specifically meeting the requests by Utilities Marines, Russkap Holdings as well as U.S. Army Engineers.

Altitude International Holdings CEO Greg Breunich, said that he is extremely proud of the company’s manufacturing team, for the achievement as well as the speed at which the task has been accomplished. He added that the dedicated staff of the company has facilitated in the expansion of manufacturing ability as well as designing fresh systems for the military.  Lastly, Breunich appreciated RussKap’s confidence in its manufacturing capabilities as well as the opportunity provided to show what the company can achieve despite supply chain and timely constraints.

Russkap President Yehuda Kaploun said that listening to troops on the ground as well as the ability of Altitude will help meet the military’s needs in real-time. He opined that when the military requested more water storage as well as quicker purification, the company’s engineers integrated the request as well as installed the upgrades in less than two days.

Ed Russo, CEO of Russkap, said that Altitude’s patented ozone purification system is being asked by several government entities and it can solve water shortages as well as contaminated water crises.

Key Quote

“I am extremely proud of Altitude Water’s manufacturing team, for this achievement and the expediency in which they accomplished this task,” said Altitude International Holdings CEO Greg Breunich.

Traders Corner

ALTD stock is trading below the 20-Day and 50-Day Moving averages of $0.22 and $0.27 respectively. Moreover, the stock is trading below 200-Day moving average of $0.34. The stock is down 62% in the past 3-month