Ability Inc. (ABIL) Trading 5.2% Higher
Shares of Ability Inc. (NASDAQ:ABIL) traded up 5.2% on Thursday . The company traded as high as $4.37 and last traded at $4.26, with a volume of 55,626 shares. The stock had previously closed at $4.05.
A number of analysts have weighed in on the stock. 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 report on Tuesday, May 3rd. Zacks Investment Research lowered shares of Ability from a “hold” rating to a “sell” rating in a research report on Thursday.
The stock’s market capitalization is $108.18 million. The company has a 50-day moving average of $4.65 and a 200-day moving average of $5.22.
Ability (NASDAQ:ABIL) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.11 by $0.24. The business earned $1 million during the quarter, compared to the consensus estimate of $21.20 million. Equities research analysts expect that Ability Inc. will post $0.48 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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