JPMorgan Chase & Co. continued to hold its position in Ability Inc. (NASDAQ:ABIL) during the first quarter, Holdings Channel reports. The institutional investor owned 1,043,000 shares of the technology company’s stock at the end of the first quarter. JPMorgan Chase & Co.’s holdings in Ability were worth $2,065,000 at the end of the most recent quarter.

Ability Inc. (NASDAQ:ABIL) opened at 1.04 on Monday. The firm has a 50 day moving average price of $0.94 and a 200 day moving average price of $2.03. The company’s market cap is $26.79 million. Ability Inc. has a 12-month low of $0.57 and a 12-month high of $5.66.

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Several research analysts have issued reports on ABIL shares. Zacks Investment Research cut Ability from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 19th. FBR & Co cut Ability from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $9.00 to $1.30 in a report on Monday, April 17th.

Ability Company Profile

Ability Inc is a holding company. The Company operates through its subsidiaries, Ability Computer & Software Industries Ltd. and Ability Security Systems Ltd., which provide interception, geolocation and cyber intelligence tools for security and intelligence agencies, military forces, law enforcement agencies and homeland security agencies around the world.

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