Absolute Software (ALSWF) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Absolute Software (OTCMKTS:ALSWF) from a hold rating to a sell rating in a report published 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. “

Shares of Absolute Software (OTCMKTS:ALSWF) opened at $5.43 on Wednesday. Absolute Software has a 52 week low of $5.18 and a 52 week high of $6.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be paid a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from Absolute Software’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, February 1st. Absolute Software’s payout ratio is -371.38%.

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About Absolute Software

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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