Could Absolute Software Crash Even More? The Stock Had Another Big Decline Today

 Could Absolute Software Crash Even More? The Stock Had Another Big Decline Today

The stock of Absolute Software (TSE:ABT) is a huge mover today! About 21,760 shares traded hands. Absolute Software (TSE:ABT) has declined 0.16% since March 30, 2016 and is downtrending. It has underperformed by 1.37% the S&P500.
The move comes after 6 months negative chart setup for the $233.68M company. It was reported on Nov, 3 by We have $5.45 PT which if reached, will make TSE:ABT worth $25.70 million less.

Absolute Software (TSE:ABT) Ratings Coverage

Out of 6 analysts covering Absolute Software (TSE:ABT), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $10.50 is the highest target while $8 is the lowest. The $9.25 average target is 51.14% above today’s ($6.12) stock price. Absolute Software has been the topic of 10 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Cormark Securities given on Wednesday, May 11. The firm has “Sector Perform” rating given on Monday, August 22 by Scotia Capital. On Thursday, October 22 the stock rating was initiated by Canaccord Genuity with “Buy”.

Another recent and important Absolute Software (TSE:ABT) news was published by which published an article titled: “Absolute Software’s (ALSWF) CEO Geoff Haydon on F4Q 2016 Results – Earnings …” on August 19, 2016.

Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The company has a market cap of $233.68 million. The Firm operates through Data and Device Security segment. It has a 18.97 P/E ratio. The Firm offers solutions for devices, such as computers, laptops, tablets and smartphones.

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