Absolute Software (NASDAQ:ALSWF) Rating Lowered to Hold at Zacks Investment Research

Absolute Software (NASDAQ:ALSWF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, October 18th.

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, Canaccord Genuity lowered shares of Absolute Software from a “buy” rating to a “hold” rating in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Absolute Software has a consensus rating of “Hold” and a consensus target price of $6.75.

Shares of Absolute Software (ALSWF) traded up 0.015% during midday trading on Wednesday, reaching $6.531. 1,100 shares of the company’s stock were exchanged. Absolute Software has a one year low of $4.35 and a one year high of $6.97. The stock’s market cap is $258.48 million. The firm has a 50 day moving average of $6.37 and a 200-day moving average of $6.08.

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

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