Ambac Financial Group, Inc. (NYSE:AMBC – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,640,000 shares, a drop of 13.2% from the March 15th total of 1,890,000 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average daily volume of 371,100 shares, the short-interest ratio is currently 4.4 days.
Ambac Financial Group Trading Down 0.6 %
Shares of AMBC traded down $0.09 during mid-day trading on Tuesday, reaching $14.23. The company’s stock had a trading volume of 299,960 shares, compared to its average volume of 376,441. The stock has a market cap of $643.48 million, a PE ratio of 94.87 and a beta of 1.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The company’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $14.90.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, beating 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 company had revenue of $76.00 million during the quarter. During the same quarter in the prior year, the company earned $4.18 earnings per share. On average, analysts predict that Ambac Financial Group will post 0.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ambac Financial Group
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th.
View Our Latest Stock Analysis on AMBC
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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