Zacks Investment Research upgraded shares of Absolute Software (NASDAQ:ALSWF) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $6.75 price target on the industrial products company’s stock.
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. “
A number of other brokerages have also recently issued reports on ALSWF. Canaccord Genuity cut Absolute Software from a buy rating to a hold rating in a report on Friday, August 18th. ValuEngine upgraded Absolute Software from a sell rating to a hold rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Absolute Software presently has an average rating of Hold and an average price target of $6.69.
Shares of Absolute Software (ALSWF) opened at 5.9632 on Tuesday. The firm’s 50-day moving average price is $6.27 and its 200 day moving average price is $5.83. Absolute Software has a 12-month low of $4.35 and a 12-month high of $6.50. The stock’s market capitalization is $236.01 million.
Absolute Software (NASDAQ:ALSWF) last issued its quarterly earnings data on Thursday, August 17th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $23.18 million during the quarter, compared to the consensus estimate of $23.91 million.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.062 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Wednesday, August 2nd.
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