Ability Inc. (ABIL) Shares Down 5.9%
Ability Inc. (NASDAQ:ABIL)’s share price dropped 5.9% during trading on Wednesday . The company traded as low as $3.90 and last traded at $4.00, with a volume of 66,939 shares trading hands. The stock had previously closed at $4.25.
ABIL has been the subject of a number of research reports. FBR & Co dropped their price target on Ability from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, May 3rd. Zacks Investment Research raised Ability from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
The company’s 50-day moving average price is $4.64 and its 200 day moving average price is $5.26. The stock’s market capitalization is $102.37 million.
Ability (NASDAQ:ABIL) last posted its quarterly earnings data 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 earned $1 million during the quarter, compared to the consensus estimate of $21.20 million. On average, equities research analysts anticipate that Ability Inc. will post $0.48 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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