(VIANEWS) – The NASDAQ opens in less than one hour and Altair Engineering‘s pre-market value is already 4.99% down.
Altair Engineering’s last close was $82.15, 11.59% under its 52-week high of $92.92.
The last session, NASDAQ finished with Altair Engineering (ALTR) dropping 0.32% to $82.15. NASDAQ rose 1.54% to $16,265.64, following the last session’s upward trend on what was an all-around positive trend exchanging session.
About Altair Engineering
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in automotive, marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent tubes with LED lighting. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.
Earnings Per Share
As for profitability, Altair Engineering has a trailing twelve months EPS of $-0.11.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -1.39%.
Sales Growth
Altair Engineering’s sales growth is 2% for the present quarter and 11.5% for the next.
Moving Average
Altair Engineering’s value is below its 50-day moving average of $85.44 and way higher than its 200-day moving average of $73.19.
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