Ability Inc. (ABIL) Stock Price Up 2.9%
Ability Inc. (NASDAQ:ABIL) shares rose 2.9% during mid-day trading on Monday . The stock traded as high as $4.90 and last traded at $4.90, with a volume of 72,551 shares changing hands. The stock had previously closed at $4.76.
ABIL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Ability from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th. FBR & Co lowered their target price 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.
The company has a market capitalization of $127.64 million and a price-to-earnings ratio of 14.85. The stock’s 50-day moving average is $4.34 and its 200 day moving average is $5.51.
Ability (NASDAQ:ABIL) last announced its quarterly earnings results on Monday, June 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $6.50 million for the quarter, compared to analysts’ expectations of $7.30 million. On average, equities analysts expect 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.
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