U.S. Markets open in 4 hrs

Altair Engineering (ALTR) Looks Good: Stock Adds 7.5% in Session

Zacks Equity Research

Altair Engineering Inc. ALTR was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.71 to $34.64 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Altair Engineering currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Engineering - R and D Services industry is Jacobs Engineering Group Inc. JEC which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
Is ALTR going up? Or down? Predict to see what others think:Up or Down

Is Your Investment Advisor Fumbling Your Financial Future?

See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”

Click to get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Jacobs Engineering Group Inc. (JEC) : Free Stock Analysis Report
 
Altair Engineering Inc. (ALTR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research