Shares of Absolute Software (NASDAQ:ALSWF) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.75.

A number of analysts recently issued reports on ALSWF shares. Zacks Investment Research upgraded Absolute Software from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Tuesday, August 22nd. Canaccord Genuity lowered Absolute Software from a “buy” rating to a “hold” rating in a report on Friday, August 18th.

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Absolute Software (ALSWF) traded down 0.63% on Friday, reaching $6.49. The company’s stock had a trading volume of 1,100 shares. Absolute Software has a one year low of $4.35 and a one year high of $6.53. The firm has a 50-day moving average of $6.11 and a 200-day moving average of $5.97. The company’s market capitalization is $256.85 million.

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

About Absolute Software

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