Zacks Investment Research Upgrades Absolute Software (ALSWF) to “Buy”
Absolute Software (NASDAQ:ALSWF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $7.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.41% from the stock’s current price.
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. “
Separately, ValuEngine raised Absolute Software from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.75.
Absolute Software (NASDAQ:ALSWF) traded down 1.472% during trading on Tuesday, hitting $6.227. 3,500 shares of the stock traded hands. The firm’s 50-day moving average is $6.27 and its 200 day moving average is $5.79. Absolute Software has a 52 week low of $4.35 and a 52 week high of $6.50. The stock’s market cap is $245.91 million.
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