Absolute Software (TSE:ABT) Shares Pass Above Two Hundred Day Moving Average of $8.29

Absolute Software (TSE:ABT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.29 and traded as high as $7.66. Absolute Software shares last traded at $7.60, with a volume of 21,648 shares.

A number of research analysts have weighed in on the stock. Canaccord Genuity raised shares of Absolute Software from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. BMO Capital Markets decreased their target price on shares of Absolute Software from C$9.50 to C$8.50 in a research note on Wednesday, August 14th.

The stock’s fifty day moving average price is C$7.78 and its 200-day moving average price is C$8.29. The firm has a market cap of $316.76 million and a price-to-earnings ratio of 42.33.

Absolute Software (TSE:ABT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). The firm had revenue of C$32.24 million for the quarter, compared to analyst estimates of C$34.16 million. On average, analysts anticipate that Absolute Software will post 0.24 EPS for the current year.

In other news, Senior Officer Mark Grace sold 3,320 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.77, for a total transaction of C$25,796.40. Following the completion of the sale, the insider now owns 1,920 shares in the company, valued at approximately C$14,918.40.

Absolute Software Company Profile (TSE:ABT)

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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