The stock of Altium Limited (ASX:ALU) is a huge mover today! The stock increased 6.53% or $0.53 on November 18, hitting $8.65. About 1.20 million shares traded hands or 122.97% up from the average. Altium Limited (ASX:ALU) has risen 38.62% since April 22, 2016 and is uptrending. It has outperformed by 34.19% the S&P500.
The move comes after 6 months positive chart setup for the $1.13 billion company. It was reported on Nov, 18 by Barchart.com. We have $11.16 PT which if reached, will make ASX:ALU worth $327.70M more.
More notable recent Altium Limited (ASX:ALU) news were published by: Fool.com.Au which released: “Here’s why Altium Limited could be the best stock on the ASX” on July 28, 2016, also Fool.com.Au with their article: “Here’s how Altium Limited just smashed it out of the park” published on August 24, 2016, Fool.com.Au published: “Here’s why the Altium Limited share price is skyrocketing today” on February 02, 2016. More interesting news about Altium Limited (ASX:ALU) were released by: Fool.com.Au and their article: “Here’s why Altium Limited shares are up 30% in the last month” published on September 06, 2016 as well as Fool.com.Au‘s news article titled: “Is the party over for the Altium Limited share price?” with publication date: February 17, 2016.
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 $1.13 billion. The Company’s products include Altium Designer and TASKING. It has a 36.52 P/E ratio. The Company’s divisions include Board and Systems, Micro-controllers and Embedded Systems, Makers and Content, and Other Segments.
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