Absolute Software (ABT) Sets New 52-Week High at $6.77

Absolute Software Co. (TSE:ABT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.77 and last traded at C$6.76, with a volume of 30323 shares trading hands. The stock had previously closed at C$6.74.

A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Absolute Software from C$8.00 to C$7.50 and set a “market perform” rating on the stock in a research note on Wednesday, February 14th. Imperial Capital cut shares of Absolute Software from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Absolute Software presently has a consensus rating of “Hold” and an average target price of C$7.63.

Absolute Software (TSE:ABT) last issued its earnings results on Tuesday, February 13th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$29.48 million for the quarter, compared to analysts’ expectations of C$28.29 million.

In related news, insider Todd Chronert sold 17,427 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of C$6.46, for a total value of C$112,578.42. Also, Director Amanda Mallow sold 5,350 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$6.56, for a total transaction of C$35,096.00. Insiders have sold 23,060 shares of company stock valued at $149,576 over the last 90 days.

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Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint security and data risk management, and endpoint management solutions for desktops, laptops, tablets, and smartphones in Canada, the United States, and internationally. The company operates through two segments, Data and Device Security, and Endpoint and Service Management.

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