Absolute Software Co. (ABT.TO) (TSE:ABT) Hits New 12-Month Low – What’s Next?

Absolute Software Co. (ABT.TO) (TSE:ABT)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$18.70 and last traded at C$18.70, with a volume of 1308 shares traded. The stock had previously closed at C$19.00.

Absolute Software Co. (ABT.TO) Price Performance

The company has a market capitalization of C$251.63 billion and a price-to-earnings ratio of 38.64. The stock’s 50-day simple moving average is C$19.95.

Absolute Software Co. (ABT.TO) Company Profile

Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector organizations. The company offers the Absolute platform to provide the connectivity, visibility, and control of data and devices of the operating system; to recover automatically to a secure operational state without user intervention; to support various other security controls and productivity tools from decay and vulnerabilities; and to enable measurement of the health, compliance, and state of decay of endpoint security controls and productivity tools, as well as for reporting and analytics, geotechnology, and endpoint investigation and recovery applications.