Ability Inc. (ABIL) Sees Large Volume Increase
Ability Inc. (NASDAQ:ABIL) shares saw an uptick in trading volume on Monday . 176,272 shares traded hands during trading, an increase of 229% from the previous session’s volume of 53,519 shares.The stock last traded at $4.59 and had previously closed at $4.88.
A number of research firms recently weighed in on ABIL. FBR & Co decreased their target price on Ability from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, May 3rd. Zacks Investment Research lowered Ability from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th.
The stock has a market cap of $116.02 million and a PE ratio of 13.50. The company’s 50-day moving average price is $4.63 and its 200 day moving average price is $5.29.
Ability (NASDAQ:ABIL) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.24. The business earned $1 million during the quarter, compared to analyst estimates of $21.20 million. On average, equities research 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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