Ability Inc. (ABIL) Shares Gap Up to $4.61
Shares of Ability Inc. (NASDAQ:ABIL) gapped up prior to trading on Friday . The stock had previously closed at $4.58, but opened at $4.61. Ability shares last traded at $4.77, with a volume of 64,554 shares.
Several brokerages recently issued reports on ABIL. Zacks Investment Research downgraded Ability from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th. FBR & Co cut their price target on Ability from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, May 3rd.
The company has a market cap of $120.31 million and a price-to-earnings ratio of 14.00. The stock has a 50 day moving average of $4.26 and a 200 day moving average of $5.63.
Ability (NASDAQ:ABIL) last posted its quarterly earnings data on Monday, June 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The firm earned $6.50 million during the quarter, compared to analyst estimates of $7.30 million. On average, analysts forecast 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.