StockNews.com upgraded shares of Ambac Financial Group (NYSE:AMBC – Free Report) from a sell rating to a hold rating in a research report released on Wednesday morning.
Ambac Financial Group Stock Performance
AMBC opened at $18.37 on Wednesday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $830.69 million, a price-to-earnings ratio of 122.14 and a beta of 1.30. The company has a fifty day moving average of $15.19 and a 200 day moving average of $15.23. Ambac Financial Group has a fifty-two week low of $11.26 and a fifty-two week high of $18.45.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.61. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The company had revenue of $103.00 million during the quarter. During the same period in the previous year, the company posted ($0.30) earnings per share. As a group, sell-side analysts forecast that Ambac Financial Group will post 0.45 earnings per share for the current fiscal 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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