Ability Inc. (ABIL) Trading Down 7%
Ability Inc. (NASDAQ:ABIL) shares traded down 7% during trading on Monday . The stock traded as low as $4.11 and last traded at $4.24, with a volume of 51,837 shares traded. The stock had previously closed at $4.56.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Ability from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. FBR & Co cut their price target on Ability from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 3rd.
The company has a 50-day moving average of $4.15 and a 200-day moving average of $5.72. The firm has a market cap of $112.48 million and a price-to-earnings ratio of 13.09.
Ability (NASDAQ:ABIL) last posted its quarterly earnings data on Monday, June 6th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The firm had revenue of $6.50 million for the quarter, compared to the consensus estimate of $7.30 million. On average, equities analysts forecast that Ability Inc. will post $0.96 EPS for the current year.
Ability Inc (Ability), formerly Cambridge Holdco Corp., provides tactical communications intelligence solutions used by government agencies, military forces, law enforcement and homeland security agencies across the world, with an installed base in over 50 countries. The Company offers a range of lawful interception, surveillance, decryption, cyber and geolocation solutions, with a focus on active and passive off-air interception and decryption of communications on global system for mobile communication (GSM), code division multiple access (CDMA), universal mobile telecommunications system (UMTS) and long-term evolution (LTE) cellular systems, as well as Iridium, Thuraya and other satellite networks.
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