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.
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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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