Ability Inc. (ABIL) Trading Up 4%
Ability Inc. (NASDAQ:ABIL)’s share price was up 4% during trading on Friday . The stock traded as high as $4.45 and last traded at $4.37, with a volume of 77,234 shares trading hands. The stock had previously closed at $4.20.
Several equities analysts recently commented on ABIL shares. FBR & Co dropped 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 company’s 50-day moving average is $4.66 and its 200-day moving average is $5.11. The firm’s market cap is $109.45 million.
Ability (NASDAQ:ABIL) last released its earnings results on Monday, August 15th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.24. The business had revenue of $1 million for the quarter, compared to analysts’ expectations of $21.20 million. On average, 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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