Absolute Software Co. (ABT.TO) (TSE:ABT) Hits New 12-Month Low - Here's What Happened

Key Points

• 52-week low: Absolute Software's shares hit a new 52-week low of C$17.90 on Friday, trading that day with just 546 shares and having closed previously at C$18.15.
• Valuation and trend: The stock trades below its 50-day simple moving average of C$19.28 and is reported with a market cap of C$236.42 billion and a PE ratio of 36.57.
• Business profile: Absolute provides a cloud-based endpoint visibility and control platform to manage and secure devices, applications, and data for enterprise and public-sector customers.

Absolute Software Co. (ABT.TO) (TSE:ABT - )'s stock price reached a new 52-week low on Friday . The stock traded as low as C$17.90 and last traded at C$17.90, with a volume of 546 shares traded. The stock had previously closed at C$18.15.

Absolute Software Co. (ABT.TO) Stock Performance

The stock has a market cap of C$236.42 billion and a PE ratio of 36.57. The company's 50 day simple moving average is C$19.28.

Absolute Software Co. (ABT.TO) Company Profile

Absolute Software Corporation develops, markets, and provides cloud-based endpoint visibility and control platform for the management and security of computing devices, applications, and data for enterprise and public sector organizations. The company offers the Absolute platform to provide the connectivity, visibility, and control of data and devices of the operating system; to recover automatically to a secure operational state without user intervention; to support various other security controls and productivity tools from decay and vulnerabilities; and to enable measurement of the health, compliance, and state of decay of endpoint security controls and productivity tools, as well as for reporting and analytics, geotechnology, and endpoint investigation and recovery applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.