Ability Inc. (ABIL) Shares Up 4%
Shares of Ability Inc. (NASDAQ:ABIL) shot up 4% during mid-day trading on Friday . The company traded as high as $4.45 and last traded at $4.37, with a volume of 77,234 shares traded. The stock had previously closed at $4.20.
A number of research firms recently issued reports on ABIL. FBR & Co decreased their price objective on shares of Ability from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Ability from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th.
The firm has a 50-day moving average of $4.66 and a 200-day moving average of $5.11. The firm’s market capitalization is $109.45 million.
Ability (NASDAQ:ABIL) last released its earnings results on Monday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ 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. 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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