Absolute Software (ALSWF) Downgraded by Zacks Investment Research to Hold

Absolute Software (ALSWF) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Absolute Software (OTCMKTS:ALSWF) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

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. “

Separately, ValuEngine upgraded shares of Absolute Software from a hold rating to a buy rating in a research report on Tuesday, February 5th.

Shares of OTCMKTS ALSWF opened at $6.39 on Thursday. The firm has a market cap of $259.82 million, a price-to-earnings ratio of 39.96 and a beta of 0.88. Absolute Software has a one year low of $4.79 and a one year high of $6.63.

Absolute Software (OTCMKTS:ALSWF) last issued its earnings results on Monday, February 4th. The industrial products company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $24.45 million for the quarter. Absolute Software had a net margin of 6.90% and a negative return on equity of 11.63%. As a group, sell-side analysts predict that Absolute Software will post 0.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 27th. Investors of record on Wednesday, February 6th will be given a $0.059 dividend. The ex-dividend date is Tuesday, February 5th. This represents a $0.24 annualized dividend and a dividend yield of 3.69%. Absolute Software’s dividend payout ratio is presently 300.00%.

About Absolute Software

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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