Absolute Software (TSE:ABT) Upgraded to Buy at Canaccord Genuity

Absolute Software (TSE:ABT) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Wednesday, BayStreet.CA reports.

Separately, Pi Financial lifted their price objective on shares of Absolute Software from C$11.50 to C$12.00 in a research note on Tuesday, May 7th.

TSE:ABT traded up C$0.63 during mid-day trading on Wednesday, reaching C$7.96. The stock had a trading volume of 149,998 shares, compared to its average volume of 118,694. The business has a 50-day simple moving average of C$7.75. The stock has a market capitalization of $324.78 million and a PE ratio of 40.00. Absolute Software has a 12 month low of C$7.18 and a 12 month high of C$9.28.

About Absolute Software

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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