StockNews.com downgraded shares of Ambac Financial Group (NYSE:AMBC – Free Report) from a hold rating to a sell rating in a research report released on Thursday morning.
Ambac Financial Group Stock Down 1.5 %
Ambac Financial Group stock opened at $14.67 on Thursday. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The firm has a market cap of $663.38 million, a price-to-earnings ratio of 97.81 and a beta of 1.30. The business’s 50-day moving average price is $15.16 and its 200 day moving average price is $15.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $76.00 million for the quarter. During the same period in the previous year, the business earned $4.18 EPS. As a group, sell-side analysts anticipate that Ambac Financial Group will post 0.45 earnings per share for the current year.
Institutional Investors Weigh In On Ambac Financial Group
About Ambac Financial Group
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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