Ability Inc. (ABIL) Shares Down 5.9%
Ability Inc. (NASDAQ:ABIL) fell 5.9% during trading on Wednesday . The company traded as low as $3.90 and last traded at $4.00, with a volume of 66,939 shares traded. The stock had previously closed at $4.25.
A number of research firms have commented on ABIL. 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 reaffirmed a “buy” rating and issued a $12.00 target price on shares of Ability in a research report on Thursday.
The company has a 50 day moving average price of $4.64 and a 200-day moving average price of $5.24. The company’s market capitalization is $107.42 million.
Ability (NASDAQ:ABIL) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.24. The firm had revenue of $1 million for the quarter, compared to analysts’ expectations of $21.20 million. On average, analysts expect that Ability Inc. will post $0.48 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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