Ability Inc. (ABIL) Trading 5.2% Higher
Ability Inc. (NASDAQ:ABIL)’s share price traded up 5.2% on Thursday . The company traded as high as $4.37 and last traded at $4.26, with a volume of 55,626 shares changing hands. The stock had previously closed at $4.05.
A number of equities analysts have recently weighed in on the company. FBR & Co reiterated a “buy” rating and issued a $12.00 target price on shares of Ability in a report on Thursday. Zacks Investment Research downgraded Ability from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th.
The stock’s market cap is $107.68 million. The company has a 50-day moving average price of $4.64 and a 200-day moving average price of $5.24.
Ability (NASDAQ:ABIL) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.24. The company earned $1 million during 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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