Ambac Financial Group (NASDAQ:AMBC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday, April 3rd, BidAskClub reports.
Ambac Financial Group stock traded up $0.09 during midday trading on Wednesday, reaching $18.40. The stock had a trading volume of 156,427 shares, compared to its average volume of 233,534. Ambac Financial Group has a 1-year low of $15.02 and a 1-year high of $23.34. The firm has a market cap of $834.29 million, a PE ratio of 2.82 and a beta of 0.94. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.04 and a current ratio of 1.04.
Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings results on Thursday, February 28th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $51.95 million for the quarter. Ambac Financial Group had a return on equity of 15.84% and a net margin of 36.37%.
About Ambac Financial Group
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.
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