Absolute Software (ALSWF) Downgraded by Zacks Investment Research to “Hold”
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.
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