Absolute Software (NASDAQ:ALSWF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $6.50 target price on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.01% from the stock’s previous close.

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 research analysts have also recently commented on the stock. Canaccord Genuity cut shares of Absolute Software from a “buy” rating to a “hold” rating in a report on Friday, August 18th. ValuEngine raised shares of 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 issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.63.

Shares of Absolute Software (NASDAQ ALSWF) traded up 0.0000% during midday trading on Wednesday, hitting $5.7013. The company’s market capitalization is $225.64 million. The company’s 50 day moving average is $6.27 and its 200 day moving average is $5.83. Absolute Software has a 52 week low of $4.35 and a 52 week high of $6.50.

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

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