Shares of Ability Inc. (NASDAQ:ABIL) gapped down before the market opened on Tuesday . The stock had previously closed at $4.84, but opened at $4.90. Ability shares last traded at $5.00, with a volume of 79,057 shares traded.

ABIL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Ability from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. FBR & Co dropped their price objective 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 firm has a 50 day moving average of $4.34 and a 200 day moving average of $5.51. The firm has a market capitalization of $127.64 million and a price-to-earnings ratio of 14.85.

Ability (NASDAQ:ABIL) last released its earnings results on Monday, June 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. The business earned $6.50 million during the quarter, compared to analyst estimates of $7.30 million. Analysts predict that Ability Inc. will post $0.96 earnings per share 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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