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Shares of Ptc Inc Fall Below Previous 52-Week Low

By Nick Russo

Ptc Inc (NASDAQ:PTC) traded today at a new 52-week low of $64.22. This new low was reached on below average trading volume as 142,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Ptc Inc (NASDAQ:PTC) has potential upside of 34.5% based on a current price of $64.22 and analysts' consensus price target of $86.38. The stock should run into initial resistance at its 50-day moving average (MA) of $84.76 and subsequent resistance at its 200-day MA of $87.27.

PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Ptc Inc share prices have moved between a 52-week high of $107.44 and the current low of $64.22 and are currently at $64.22 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Ptc Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ptc Inc in search of a potential trend change.

Keywords: 52 week high/lows ptc inc

Ticker(s): PTC