Absolute Software (ALSWF) Stock Rating Upgraded by Zacks Investment Research
Absolute Software (NASDAQ:ALSWF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $6.75 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.52% from the stock’s current price.
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. “
Other equities research analysts have also issued reports about the company. Canaccord Genuity lowered Absolute Software from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine upgraded Absolute Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.69.
Absolute Software (NASDAQ ALSWF) opened at 6.22 on Tuesday. Absolute Software has a one year low of $4.35 and a one year high of $6.50. The stock’s 50 day moving average is $6.17 and its 200 day moving average is $5.89. The stock’s market capitalization is $246.17 million.
Absolute Software (NASDAQ:ALSWF) last announced its quarterly earnings data on Thursday, August 17th. The industrial products company reported ($0.05) EPS for the quarter. The business had revenue of $23.18 million during the quarter, compared to analysts’ expectations of $23.91 million.
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