Zacks Investment Research Lowers Absolute Software (ALSWF) to Hold

Zacks Investment Research downgraded shares of Absolute Software (NASDAQ:ALSWF) from a buy rating to a hold rating in a research note issued to investors on Wednesday 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. “

ALSWF has been the topic of a number of other research 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 lowered shares of Absolute Software from a buy rating to a hold rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $6.75.

Shares of Absolute Software (NASDAQ ALSWF) opened at 6.09 on Wednesday. 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 52-week low of $4.35 and a 52-week high of $6.50. The firm’s market cap is $241.02 million.

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

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