Shares in computer software service company Altium Limited (ASX: ALU) reached a 52-week high this week, up 204% to $22.10 at the time of writing from their 52-week low of just $7.26.
Altium Limited is currently trading 82.1% above its 200-period moving average, but just how much higher can the software and hardware product producer go?
The future looks bright for Altium Limited with the advent of 5G internet likely to give the company's devices segment a boost and half-year results to December 31, 2017 nothing to sneeze at.
Altium Limited announced record revenue growth of 30%, net profit growth of 51%, a 4% increase in subscriber seats to close to 36,000 subscribers and 2650 new Altium Designer licenses sold.
All regions and business segments across Altium have booked double-digit revenue growth, with Altium logging a $200 million revenue target by 2020 as the company works to assert itself as a leader in Systems Design.
Altium is one to keep an eye on as it enjoys its time at the top.
