Absolute Software (ALSWF) Downgraded by Zacks Investment Research to “Hold”

Absolute Software (OTCMKTS:ALSWF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

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 OTCMKTS:ALSWF traded up $0.29 during midday trading on Monday, reaching $6.32. The company’s stock had a trading volume of 650 shares, compared to its average volume of 1,806. Absolute Software has a fifty-two week low of $4.79 and a fifty-two week high of $6.50. The firm has a market cap of $243.68 million, a PE ratio of 79.05 and a beta of 0.74.

Absolute Software (OTCMKTS:ALSWF) last announced its earnings results on Friday, November 2nd. The industrial products company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Absolute Software had a negative return on equity of 7.95% and a net margin of 4.76%. The company had revenue of $24.30 million during the quarter. On average, analysts predict that Absolute Software will post 0.08 EPS for the current fiscal year.

Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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