Jefferies Financial Group Initiates Coverage on Altium (OTCMKTS:ALMFF)

Jefferies Financial Group assumed coverage on shares of Altium (OTCMKTS:ALMFF) in a research note released on Sunday, The Fly reports. The firm issued a buy rating on the stock.

ALMFF opened at $22.79 on Friday. Altium has a 1-year low of $14.14 and a 1-year high of $28.17. The stock’s fifty day simple moving average is $23.87 and its 200 day simple moving average is $22.62.

About Altium

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through Board and Systems, Electronic System Solutions, and Cloud Applications segments. The company offers printed circuit board (PCB) design software products, including Altium Designer, a PCB design tool; CircuitStudio, a professional PCB design tool; CircuitMaker, a community based PCB design tool for makers, hobbyists, and DIYers community; and NEXUS, an agile PCB design for teams, as well as embedded products, such as TASKING tools for embedded software development.

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The Fly

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