Ability Inc. (ABIL) Stock Price Down 8.3%
Ability Inc. (NASDAQ:ABIL) shares dropped 8.3% on Thursday . The company traded as low as $5.00 and last traded at $5.00, with a volume of 75,026 shares changing hands. The stock had previously closed at $5.45.
ABIL has been the topic of a number of research analyst reports. FBR & Co reduced 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 upgraded Ability from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
The company has a market cap of $123.35 million and a P/E ratio of 14.35. The company has a 50-day moving average price of $4.62 and a 200 day moving average price of $5.38.
Ability (NASDAQ:ABIL) last announced 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 the consensus estimate of $7.30 million. On average, equities analysts expect that Ability Inc. will post $0.96 EPS 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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