Ability Inc. (ABIL) Trading 2.9% Higher
Shares of Ability Inc. (NASDAQ:ABIL) traded up 2.9% during trading on Monday . The company traded as high as $4.90 and last traded at $4.90, with a volume of 72,551 shares changing hands. The stock had previously closed at $4.76.
A number of analysts recently commented on the company. Zacks Investment Research downgraded Ability from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 5th. FBR & Co decreased their price target on Ability from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, May 3rd.
The stock has a 50 day moving average price of $4.26 and a 200-day moving average price of $5.63. The stock has a market capitalization of $123.85 million and a price-to-earnings ratio of 14.41.
Ability (NASDAQ:ABIL) last posted its earnings results on Monday, June 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business earned $6.50 million during the quarter, compared to analysts’ expectations of $7.30 million. On average, analysts predict that Ability Inc. will post $0.96 EPS for the current fiscal 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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