Altair Engineering Composite Rating Rises To 96 With RS Line Near New High

Altair Engineering (ALTR) saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.

The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Altair Engineering Stock is trading within the buy zone from a 72.25 entry from a flat base.

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The stock earns an 86 EPS Rating, meaning its recent quarterly and annual earnings growth tops 86% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The company reported a 75% earnings gain for Q2. Sales growth increased 22%, up from 14% in the prior report. The company has now posted rising growth in each of the last four quarters.

Altair Engineering stock holds the No. 2 rank among its peers in the Computer Software-Design industry group. Bentley Systems Class B (BSY) is the top-ranked stock within the group.


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