Ability Inc. (NASDAQ:ABIL) shares traded down 8.3% on Thursday . The stock traded as low as $5.00 and last traded at $5.00, with a volume of 75,026 shares traded. The stock had previously closed at $5.45.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Ability from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 5th. FBR & Co dropped 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 of $4.58 and a 200-day moving average of $5.41. The company has a market capitalization of $130.17 million and a price-to-earnings ratio of 15.1468.

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 analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $6.50 million for the quarter, compared to the consensus estimate of $7.30 million. On average, equities 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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