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Is the Altium (ASX: ALU) share price in the buy zone after its update? – The Motley Fool Australia
The Altium Limited (ASX:ALU) share price dropped lower on Tuesday after the release of an update. Is this a buying opportunity?
The Altium Limited(ASX: ALU) share price came under pressure on Tuesday following the release of a trading update.
The electronic design software company’s shares fell as much as 5% before recovering to end the day 2% lower at $30.13.
What did Altium announce?
Altium’s update revealed that trading conditions were tough during the six months ending 31 December.
In light of this, the company is expecting to report a 3% decline in first half revenue to US $89.6 million.
Management explained that this…
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