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Altair (ALTR) Catches Eye: Stock Jumps 6.8%

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Altair Engineering Inc. (ALTR - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $57.67–$67.34 in the past one-month time frame, witnessed a sharp increase on Friday.

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 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Engineering - R and D Services industry is Gates Industrial Corporation plc (GTES - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Altair Engineering Inc. (ALTR) - free report >>

Gates Industrial Corporation PLC (GTES) - free report >>