Absolute Software (ALSWF) Rating Lowered to Hold at Zacks Investment Research
Absolute Software (NASDAQ:ALSWF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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. “
Separately, Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.75.
Absolute Software (NASDAQ ALSWF) traded up 0.323% during midday trading on Wednesday, hitting $6.531. 3,000 shares of the stock traded hands. The company has a 50-day moving average of $6.18 and a 200-day moving average of $6.02. Absolute Software has a 1-year low of $4.35 and a 1-year high of $6.97. The stock’s market cap is $258.48 million.
Absolute Software (NASDAQ:ALSWF) last released its earnings results on Thursday, August 17th. The industrial products company reported ($0.05) EPS for the quarter. The company had revenue of $23.18 million for the quarter, compared to analysts’ expectations of $23.91 million.
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