Asure Software Inc (Nasdaq:ASUR)
November 12th, 2018
Amidst falling markets Asure Software Inc fell $0.64 Monday, a 8.19% drop, closing at $7.12. As well as the drop in value, Asure Software Inc hit a new 52 week low of $7.07. Asure Software Inc bounced 14.43% between high and low. Despite the drop in value, trading volumes were solid at 228% of normal which can indicate investor opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -0.77.
ASUR was outperformed by the rest of the Information Technology sector which went down just 3.54%.
The market sectors were mixed Monday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (0.20%), while Information Technology saw the biggest drop (3.54%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Communication Services sector declining 9.94%.
Real Estate saw the biggest turnaround from its 5-day performance of 3.65%, as it went up 0.20%. Information Technology and Consumer Discretionary both saw turn arounds from their five day positive performance, Information Technology with a drop of 3.54%.
- Real Estate went up with a 0.20% change.
- Utilities went down with a -0.03% change.
- Consumer Staples went down with a -0.65% change.
- Healthcare went down with a -1.39% change.
- Communication Services went down with a -1.48% change.
- Materials went down with a -1.49% change.
- Financials went down with a -1.99% change.
- Industrials went down with a -1.99% change.
- Energy went down with a -2.14% change.
- Consumer Discretionary went down with a -2.31% change.
- Information Technology went down with a -3.54% change.
Asure Software is based in Austin, United States of America.
Asure Software Inc Info
Asure Software Inc. provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company’s product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities. It also offers AsureHCM, an integrated cloud-based platform that provides human resource services ranging from human resource management and payroll to benefits, talent acquisition, and performance management; Evolution HCM, an AsureHCM channel product that provide users with the flexibility and best practices to handle clients; and AsureConsulting that offers a suite of services to assist organizations through the entire employee lifecycle. In addition, it provides SmartView occupancy sensors and analytics platform that offers insights, which allow companies to make strategic decisions about real estate investments and workplace design; and SmartMove, a move management software that help companies design floorplans and track permanent seat assignments, as well as manage assets, such as telephones, laptops, desks, chairs, and other items assigned to an employee. Further, the company provides AsureSpace Resource Scheduler, a solution for the digital workplace that features conference room and desk reservations, service management, interactive floorplans, visitor management, calendar and Web conference integrations, and reporting; and NowSpace, a mobile app for Apple and Android devices that enables mobile workers to find and reserve desks and conference rooms from their smart phones. It serves clients ranging from Fortune 500 to small and mid-sized businesses directly, as well as through reseller and referral partners. Asure Software Inc. was founded in 1985 and is headquartered in Austin, Texas.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Asure Software Inc’s score is -0.77) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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