What’s Ahead for Absolute Software After Today’s Huge Increase?

 What's Ahead for Absolute Software After Today's Huge Increase?

The stock of Absolute Software (TSE:ABT) is a huge mover today! About 32,200 shares traded hands. Absolute Software (TSE:ABT) has declined 5.68% since April 12, 2016 and is downtrending. It has underperformed by 10.36% the S&P500.
The move comes after 7 months positive chart setup for the $235.40 million company. It was reported on Nov, 16 by Barchart.com. We have $12.60 PT which if reached, will make TSE:ABT worth $258.94 million more.

Absolute Software (TSE:ABT) Ratings Coverage

Out of 7 analysts covering Absolute Software (TSE:ABT), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $10.50 is the highest target while $6 is the lowest. The $8.57 average target is 42.83% above today’s ($6) stock price. Absolute Software has been the topic of 13 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was initiated by Canaccord Genuity on Thursday, October 22 with “Buy”. On Wednesday, May 11 the stock rating was downgraded by Cormark Securities to “Market Perform”. The rating was downgraded by Scotia Capital to “Sector Perform” on Monday, August 22.

Another recent and important Absolute Software (TSE:ABT) news was published by Seekingalpha.com 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 $235.40 million. The Firm operates through Data and Device Security segment. It has a 22.55 P/E ratio. The Firm offers solutions for devices, such as computers, laptops, tablets and smartphones.

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