On Thursday, PTC got an upgrade for its IBD SmartSelect Composite Rating from 90 to 96.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
PTC is currently extended beyond a proper buy zone after breaking out from a 174.25 entry in a cup with handle.
The stock earns a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company reported 67% earnings-per-share growth. That means it's now generated two straight quarters of rising EPS gains. Top line growth climbed 24%, up from 6% in the prior report. The company has now posted accelerating growth in each of the last two quarters.
PTC earns the No. 3 rank among its peers in the Computer Software-Design industry group. Autodesk is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
