Ambac Financial Group (NYSE:AMBC – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Ambac Financial Group Stock Up 2.6 %
AMBC opened at $14.83 on Thursday. Ambac Financial Group has a twelve month low of $11.26 and a twelve month high of $17.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46. The company has a 50-day moving average price of $15.25 and a 200 day moving average price of $15.07. The company has a market cap of $670.61 million, a PE ratio of 98.87 and a beta of 1.30.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.29. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. The firm had revenue of $76.00 million during the quarter. During the same quarter last year, the company earned $4.18 EPS. Sell-side analysts expect that Ambac Financial Group will post 0.45 earnings per share for the current fiscal year.
Institutional Trading of Ambac Financial Group
Ambac Financial Group Company Profile
Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.
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