News coverage about Ambac Financial Group (NASDAQ:AMBC) has been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ambac Financial Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.8350724955363 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, MKM Partners reiterated a “hold” rating on shares of Ambac Financial Group in a research report on Thursday, October 5th.
Shares of Ambac Financial Group (AMBC) opened at $15.78 on Wednesday. Ambac Financial Group has a 52-week low of $13.17 and a 52-week high of $23.55. The company has a market capitalization of $727.19, a price-to-earnings ratio of -1.77 and a beta of 1.88. The company has a debt-to-equity ratio of 7.46, a quick ratio of 0.38 and a current ratio of 0.38.
Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported ($3.30) EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($4.22). Ambac Financial Group had a negative net margin of 60.33% and a negative return on equity of 9.68%. The company had revenue of $132.97 million for the quarter, compared to analyst estimates of $125.84 million. During the same quarter last year, the company posted $3.23 EPS. Ambac Financial Group’s revenue was down 8.3% on a year-over-year basis.
In related news, Director C James Prieur acquired 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $14.02 per share, for a total transaction of $140,200.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.
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About Ambac Financial Group
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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