Ability Inc. (ABIL) Shares Gap Up to $4.61
Shares of Ability Inc. (NASDAQ:ABIL) gapped up prior to trading on Friday . The stock had previously closed at $4.58, but opened at $4.61. Ability shares last traded at $4.77, with a volume of 64,554 shares traded.
ABIL has been the topic of a number of research reports. Zacks Investment Research raised shares of Ability from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. FBR & Co reduced their target price on shares of Ability from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 3rd.
The company has a 50-day moving average price of $4.26 and a 200 day moving average price of $5.63. The company has a market cap of $120.31 million and a price-to-earnings ratio of 14.00.
Ability (NASDAQ:ABIL) last announced its earnings results on Monday, June 6th. The company reported ($0.01) earnings per share (EPS) 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 analyst estimates of $7.30 million. On average, equities research analysts anticipate 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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