Zacks Investment Research downgraded shares of Absolute Software (NASDAQ:ALSWF) from a buy rating to a hold rating in a research note released on Thursday morning.

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. “

Several other research analysts have also recently commented on ALSWF. Canaccord Genuity cut 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 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’s stock. Absolute Software currently has an average rating of Hold and a consensus price target of $6.63.

Shares of Absolute Software (ALSWF) traded up 2.75% during midday trading on Thursday, reaching $5.98. The company had a trading volume of 500 shares. The company’s 50 day moving average price is $6.23 and its 200-day moving average price is $5.85. The company’s market capitalization is $236.67 million. Absolute Software has a 52 week low of $4.35 and a 52 week high of $6.50.

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 during the quarter, compared to analysts’ expectations of $23.91 million.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 4th were given a dividend of $0.062 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.25 annualized dividend and a dividend yield of 4.26%.

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