Ambac Financial Group (NASDAQ:AMBC) Trading Up 2.7%

Ambac Financial Group, Inc. (NASDAQ:AMBC – Get Rating)’s stock price was up 2.7% during mid-day trading on Friday . The stock traded as high as $10.82 and last traded at $10.53. Approximately 1,040,905 shares changed hands during trading, an increase of 18% from the average daily volume of 879,476 shares. The stock had previously closed at $10.25.

Separately, StockNews.com raised Ambac Financial Group to a “sell” rating in a research report on Monday, May 23rd.

The company has a debt-to-equity ratio of 6.54, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a 50-day simple moving average of $9.28.

Ambac Financial Group (NASDAQ:AMBC – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $119.00 million during the quarter. Ambac Financial Group had a positive return on equity of 0.93% and a negative net margin of 11.77%.

Ambac Financial Group Company Profile (NASDAQ:AMBC)

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services.

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