Ability (ABIL) Sees Unusually-High Trading Volume

Ability Inc (NASDAQ:ABIL) saw unusually-strong trading volume on Thursday . Approximately 713,127 shares changed hands during trading, an increase of 55% from the previous session’s volume of 460,817 shares.The stock last traded at $1.98 and had previously closed at $1.81.

Ability (NASDAQ:ABIL) last announced its earnings results on Wednesday, December 26th. The technology company reported ($0.83) earnings per share for the quarter. The company had revenue of $0.03 million for the quarter.

A hedge fund recently raised its stake in Ability stock. Virtu Financial LLC increased its holdings in shares of Ability Inc (NASDAQ:ABIL) by 154.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,716 shares of the technology company’s stock after buying an additional 18,666 shares during the period. Virtu Financial LLC owned about 0.93% of Ability worth $58,000 at the end of the most recent quarter. 12.80% of the stock is currently owned by institutional investors.

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About Ability (NASDAQ:ABIL)

Ability Inc, through its subsidiaries, provides interception, geolocation, and cyber intelligence products and solutions for security and intelligence agencies, military forces, law enforcement agencies, and homeland security agencies worldwide. It specializes in off-air interception of voice, SMS, and data communication from cellular and satellite communication networks; and deciphering solutions for cellular and satellite communications.

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