Altair slips to near two-year low

Altair Engineering

16/09/2022 16:39

** Shares of cloud solutions provider Altair Engineering Inc
 ALTR.O  fall as much as 2% to $46.83, their lowest since Nov.
2020
    ** Says closed acquisition of RapidMiner to help expand and
to introduce simplified machine learning products 
    ** Broader markets tumble on recession fears  .N 
    ** 6 out of 9 brokerages rate the stock "buy", or higher, 2
"hold", and 1 "sell"; median PT is $69 - Refinitiv data
    **YTD, the stock has fallen 39%

 (Reporting by Anirban  Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))