What’s Altium Desinger's Downside After Today’s Huge Decline?

Author: 911EDA News Desk
Feb 11, 2016

The stock of Altium Limited (ASX:ALU) is a huge mover today! The stock is down 1.49% or $0.08 after the news, hitting $5.28 per share. About 406,707 shares traded hands. Altium Limited (ASX:ALU) has risen 18.32% since July 8, 2015 and is uptrending. It has outperformed by 25.84% the S&P500.
The move comes after 5 months negative chart setup for the $709.35M company. It was reported on Feb, 4 by Barchart.com. We have $5.02 PT which if reached, will make ASX:ALU worth $35.47M less.

Altium Limited is engaged in the development and sales of computer software for the design of electronic products. The company has a market cap of $709.35 million. The Company’s divisions include Americas, which includes sale of products across the United States, Canada and South America; EMEA, which includes the sale of products across Europe, Middle East and Africa; Greater China, which includes the sale of products across People’s Republic of China, Taiwan and Hong Kong, and Asia Pacific, which includes the sale of products across the rest of Asia, Australia and New Zealand. It has 5.01 P/E ratio. The Company’s product, Altium Designer is used by printed circuit board designers and engineers.

911EDA provides Altium PCB Layout and Altium PCB Design services and is an Official Altium Design Firm.

 

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