Absolute Software (ALSWF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Absolute Software (NASDAQ:ALSWF) from a buy rating to a hold rating in a research report released on Thursday, August 31st.

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 research analysts have also issued research 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 report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $6.69.

Shares of Absolute Software (NASDAQ:ALSWF) traded down 1.22% during midday trading on Thursday, hitting $6.06. 200 shares of the stock traded hands. The company’s 50 day moving average price is $6.16 and its 200-day moving average price is $5.89. Absolute Software has a 12-month low of $4.35 and a 12-month high of $6.50. The stock’s market cap is $239.84 million.

Absolute Software (NASDAQ:ALSWF) last released its quarterly earnings data on Thursday, August 17th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $23.18 million during the quarter, compared to analyst estimates of $23.91 million.

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The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 4th were given a dividend of $0.062 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Wednesday, August 2nd.

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