Press coverage about Ambac Financial Group (NASDAQ:AMBC) has trended positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ambac Financial Group earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.6128086745797 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Ambac Financial Group, Inc. breached its 50 day moving average in a Bearish Manner : AMBC-US : August 18, 2017 (finance.yahoo.com)
- Ambac Financial Group’s (NASDAQ:AMBC) “Buy” Rating Reiterated at BTIG Research (naijaoversabi.com)
- Ambac Financial Group Inc (elcumanes.com)
- See what the IHS Markit Score report has to say about Ambac Financial Group Inc. (finance.yahoo.com)
Ambac Financial Group (NASDAQ:AMBC) remained flat at $18.18 on Friday. The stock had a trading volume of 216,061 shares. Ambac Financial Group has a one year low of $15.67 and a one year high of $27.25. The company’s market cap is $822.66 million. The firm has a 50-day moving average of $18.92 and a 200-day moving average of $18.91.
Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.32. The firm had revenue of $172.85 million during the quarter, compared to the consensus estimate of $127.75 million. Ambac Financial Group had a negative net margin of 16.39% and a positive return on equity of 5.74%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. Equities research analysts expect that Ambac Financial Group will post $0.70 EPS for the current year.
AMBC has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of Ambac Financial Group in a research report on Saturday, July 22nd. MKM Partners reaffirmed a “neutral” rating and set a $21.00 price objective (up previously from $17.00) on shares of Ambac Financial Group in a research report on Tuesday, July 25th.
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Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.
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