Absolute Software (TSE:ABT) Upgraded to Buy at Canaccord Genuity

Absolute Software (TSE:ABT) was upgraded by Canaccord Genuity from a “hold” rating to a “buy” rating in a report released on Wednesday, BayStreet.CA reports.

Separately, Pi Financial raised their price objective on Absolute Software from C$11.50 to C$12.00 in a research note on Tuesday, May 7th.

Shares of Absolute Software stock traded up C$0.61 during trading on Wednesday, hitting C$7.94. The stock had a trading volume of 149,398 shares, compared to its average volume of 119,302. The stock has a market capitalization of $324.78 million and a price-to-earnings ratio of 39.95. Absolute Software has a 12 month low of C$7.18 and a 12 month high of C$9.28. The company’s 50-day moving average price is C$7.75.

Absolute Software Company Profile

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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