Absolute Software (NASDAQ:ALSWF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Absolute Software Corporation engages in the business of providing firmware-persistent endpoint security and management solutions. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software Corporation is headquartered in Vancouver, Canada. “

ALSWF has been the subject of a number of other reports. ValuEngine raised Absolute Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Canaccord Genuity lowered Absolute Software from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Absolute Software presently has a consensus rating of “Hold” and an average target price of $6.63.

Absolute Software (ALSWF) traded down 0.82% during mid-day trading on Friday, hitting $6.03. 1,550 shares of the stock were exchanged. The company’s market capitalization is $238.65 million. Absolute Software has a 1-year low of $4.35 and a 1-year high of $6.50. The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $5.87.

Absolute Software (NASDAQ:ALSWF) last issued its earnings results on Thursday, August 17th. The industrial products company reported ($0.05) earnings per share for the quarter. The firm had revenue of $23.18 million during the quarter, compared to the consensus estimate of $23.91 million.

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