Altium (OTCMKTS:ALMFF) Shares Down 8.2%

Altium Limited (OTCMKTS:ALMFF)’s share price was down 8.2% during trading on Wednesday . The company traded as low as $23.88 and last traded at $23.88. Approximately 765 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 957 shares. The stock had previously closed at $26.00.

A number of equities analysts have recently commented on ALMFF shares. cut Altium from a “buy” rating to a “neutral” rating in a report on Wednesday, June 23rd. Royal Bank of Canada lowered Altium from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 9th. Finally, Citigroup lowered Altium from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 23rd.

The firm has a 50 day moving average of $24.60.

About Altium (OTCMKTS:ALMFF)

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; Microcontrollers and Embedded Systems; and Electronic Parts, Search and Discovery 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 communities; 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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