Altra Holdings Makes a Move: Up 3.5%

Published on Fri, 02/01/2013 - 13:16
By Mallory Stone in Market movers, AIMC, altra holdings, market movers, nasdaq:aimc

Altra Holdings (NASDAQ:AIMC) is one of today's biggest movers, up 3.5% to $24.79. The S&P is trading higher by 1.0% to 1,513 and the Dow is trading 0.9% higher to 13,994.

Over the past year, Altra Holdings has traded in a range of $14.55 to $24.80 and is now at $24.79, 70% above that low. The 200-day and 50-day moving averages have moved 0.63% higher and 2.76% higher over the past week, respectively.

Altra Holdings, Inc. designs, produces, and markets a wide range of mechanical power transmission, or MPT, and motion control products. The Company's product portfolio includes industrial clutches and brakes, enclosed gear drives, open gearing, couplings, engineered bearing assemblies, linear components and other related products.

Altra Holdings (NASDAQ:AIMC) is currently priced 0.8% above its average consensus analyst price target of $24.60. Altra Holdings shares have support at the 50-day moving average (MA) of $21.35 and additional support at the 200-day MA of $18.24.

By Mallory Stone
mstone@fnno.com

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