Absolute Software (ALSWF) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Absolute Software (NASDAQ:ALSWF) from a hold rating to a buy rating in a research note published on Thursday morning. They currently have $7.00 target price on the industrial products company’s stock.
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. “
ALSWF has been the subject of a number of other reports. ValuEngine upgraded shares of Absolute Software from a sell rating to a hold rating in a research note on Friday, June 2nd. Canaccord Genuity downgraded shares of Absolute Software from a buy rating to a hold rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Absolute Software currently has an average rating of Hold and a consensus price target of $6.75.
Shares of Absolute Software (NASDAQ:ALSWF) opened at 6.09 on Thursday. The company’s market cap is $241.02 million. The stock’s 50 day moving average price is $6.13 and its 200 day moving average price is $5.91. Absolute Software has a 12-month low of $4.35 and a 12-month high of $6.50.
Absolute Software (NASDAQ:ALSWF) last issued its quarterly earnings results on Thursday, August 17th. The industrial products company reported ($0.05) EPS for the quarter. The firm had revenue of $23.18 million during the quarter, compared to analysts’ expectations of $23.91 million.
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