Ability Inc. (ABIL) Raised to Hold at Zacks Investment Research
Ability Inc. (NASDAQ:ABIL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Ability Inc. is a provider of tactical communications intelligence solutions for government agencies, military forces, law enforcement and homeland security agencies. The company offers interception, surveillance, decryption, cyber and geolocation solutions. Ability Inc. is based in Tel Aviv, Israel. “
Separately, FBR & Co reiterated a “buy” rating and set a $12.00 price target on shares of Ability in a research note on Thursday, August 18th.
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Ability (NASDAQ:ABIL) traded up 2.2318% during trading on Tuesday, hitting $3.6599. 8,921 shares of the stock traded hands. Ability has a 52 week low of $2.52 and a 52 week high of $11.54. The firm’s 50-day moving average is $3.91 and its 200 day moving average is $4.41. The stock’s market cap is $92.51 million.
Ability (NASDAQ:ABIL) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.24. The business had revenue of $1 million for the quarter, compared to analysts’ expectations of $21.20 million. Equities research analysts forecast that Ability will post $0.48 earnings per share for the current fiscal year.
Ability Company Profile
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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