Ambac Financial Group (NASDAQ:AMBC) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04), Briefing.com reports. Ambac Financial Group had a net margin of 36.37% and a return on equity of 15.84%. During the same period in the previous year, the company posted $7.22 earnings per share.
AMBC traded down $1.88 on Friday, reaching $17.01. The company’s stock had a trading volume of 821,280 shares, compared to its average volume of 196,102. The company has a market capitalization of $771.23 million, a P/E ratio of 2.87 and a beta of 0.94. Ambac Financial Group has a 1 year low of $15.02 and a 1 year high of $23.34. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.04 and a current ratio of 1.04.
Separately, BidaskClub downgraded Ambac Financial Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd.
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Ambac Financial Group Company Profile
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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