Altus Group (OTCMKTS:ASGTF) Stock Jumps 5.3% – Time to Buy?

Altus Group Limited (OTCMKTS:ASGTF) shot up 5.3% on Monday. The company traded as high as $33.78 and last traded at $33.76. 800 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 29,405 shares. The stock had previously closed at $32.06.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ASGTF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Altus Group in a report on Monday, July 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Altus Group in a report on Friday, August 7th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Altus Group Price Performance

The company has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $33.06.

Altus Group Company Profile

Altus Group Limited is a Canadian technology and professional services company that provides software, data and advisory solutions for the commercial real estate industry. Its offerings are designed to help property owners, investors, lenders, developers and service providers analyze assets, manage portfolios and support real estate decision-making.

The company’s products include ARGUS Enterprise, a platform used for commercial property valuation, cash-flow forecasting and investment analysis, as well as solutions for lease administration, asset and portfolio management, property tax management, valuation and real estate data analytics.