Zacks Investment Research cut shares of Absolute Software (NASDAQ:ALSWF) from a buy rating to a hold rating in a research note issued to investors 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. “

Other research analysts have also issued research reports about the company. Canaccord Genuity lowered Absolute Software from a buy rating to a hold rating in a research note on Friday, August 18th. ValuEngine raised Absolute Software from a sell rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $6.75.

Shares of Absolute Software (ALSWF) opened at 6.09 on Wednesday. Absolute Software has a 1-year low of $4.35 and a 1-year high of $6.50. The firm’s 50-day moving average price is $6.13 and its 200 day moving average price is $5.91. The firm’s market cap is $241.02 million.

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

WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/absolute-software-alswf-downgraded-by-zacks-investment-research-to-hold-2/1600434.html.

Get a free copy of the Zacks research report on Absolute Software (ALSWF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related companies with Analyst Ratings Network's FREE daily email newsletter.