Absolute Software (ALSWF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Absolute Software (NASDAQ:ALSWF) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.67.

A number of research firms recently issued reports on ALSWF. Zacks Investment Research lowered shares of Absolute Software from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Canaccord Genuity lowered shares of Absolute Software from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, ValuEngine upgraded shares of Absolute Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

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Absolute Software (ALSWF) remained flat at $6.13 during trading on Tuesday. The stock’s market cap is $242.61 million. The stock has a 50-day moving average price of $6.18 and a 200 day moving average price of $5.88. Absolute Software has a 12-month low of $4.35 and a 12-month high of $6.50.

Absolute Software (NASDAQ:ALSWF) last posted its earnings results 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 for the quarter, compared to analyst estimates of $23.91 million.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 4th were given a $0.062 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.25 annualized dividend and a yield of 4.05%.

Absolute Software Company Profile

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