Absolute Software Co. (ABT.TO) (TSE:ABT) Sets New 1-Year Low - Here's Why

Key Points

• Absolute Software's stock hit a new 52-week low, trading as low as C$18.70 (last trade C$18.70) on Friday, down from a prior close of C$19.00 with about 1,308 shares traded.
• Shares are trading below their 50-day simple moving average of C$20.03 and the company is reported with a market cap of C$249.77 billion and a PE ratio of 38.64.
• Absolute Software provides a cloud-based endpoint visibility and control platform for managing and securing devices, applications and data for enterprise and public sector customers.

Absolute Software Co. (ABT.TO) (TSE:ABT - )'s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$18.70 and last traded at C$18.70, with a volume of 1308 shares. The stock had previously closed at C$19.00.

Absolute Software Co. (ABT.TO) Price Performance

The company has a 50 day simple moving average of C$20.03. The company has a market cap of C$249.77 billion and a PE ratio of 38.64.

About Absolute Software Co. (ABT.TO)

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.

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