Ambac Financial Group (NYSE:AMBC – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
Ambac Financial Group Stock Performance
Shares of Ambac Financial Group stock opened at $14.59 on Friday. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The business’s fifty day simple moving average is $15.31 and its 200-day simple moving average is $15.01. The firm has a market cap of $659.76 million, a PE ratio of 97.27 and a beta of 1.30. 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 announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.03 by $0.29. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The business had revenue of $76.00 million for the quarter. During the same period last year, the company earned $4.18 EPS. Equities analysts forecast that Ambac Financial Group will post 0.45 earnings per share for the current year.
Hedge Funds Weigh In On 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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