Altair Engineer (ALTR) Getting Somewhat Favorable Press Coverage, Report Finds

News stories about Altair Engineer (NASDAQ:ALTR) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altair Engineer earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the semiconductor manufacturer an impact score of 48.0540853818522 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Altair Engineer (ALTR) traded up $0.22 during mid-day trading on Friday, hitting $24.16. The stock had a trading volume of 329,609 shares, compared to its average volume of 1,044,282. Altair Engineer has a 12-month low of $16.55 and a 12-month high of $24.33. The company has a debt-to-equity ratio of -1.46, a quick ratio of 0.55 and a current ratio of 0.56.

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In related news, major shareholder Gc Investments Llc sold 800,000 shares of Altair Engineer stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $12.09, for a total transaction of $9,672,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Ralph Scapa sold 1,734,996 shares of Altair Engineer stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total value of $20,976,101.64. The disclosure for this sale can be found here.

About Altair Engineer

Altera Corporation is a semiconductor company that designs and sells a range of products, including programmable logic devices (PLDs), highly integrated power devices, pre-defined design building blocks and development software. PLDs consist of field-programmable gate arrays (FPGAs), which are semiconductor integrated circuits, or chips, that the Company’s customers program to perform desired logic and processing functions in their electronic systems.

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