AMMO (NASDAQ:POWW) Trading Down 0.7%

Shares of AMMO, Inc. (NASDAQ:POWW) were down 0.7% during mid-day trading on Wednesday . The company traded as low as $1.43 and last traded at $1.43. Approximately 378,013 shares traded hands during trading, a decline of 42% from the average daily volume of 651,280 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price target on AMMO from $2.00 to $1.60 and set a “neutral” rating for the company in a research note on Monday, August 12th.

AMMO Trading Down 2.1 %

The company has a 50 day moving average of $1.62 and a two-hundred day moving average of $2.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The stock has a market capitalization of $166.85 million, a PE ratio of -8.94 and a beta of 0.24.

AMMO (NASDAQ:POWW) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). AMMO had a positive return on equity of 2.35% and a negative net margin of 15.19%. The business had revenue of $30.95 million for the quarter, compared to analysts’ expectations of $31.20 million.

Institutional Trading of AMMO

Several large investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its stake in shares of AMMO by 15.0% in the fourth quarter. Merit Financial Group LLC now owns 76,800 shares of the company’s stock worth $161,000 after buying an additional 10,000 shares during the last quarter. Anthracite Investment Company Inc. purchased a new stake in shares of AMMO in the fourth quarter worth about $1,083,000. Chesapeake Capital Corp IL purchased a new stake in shares of AMMO in the fourth quarter worth about $99,000. Simplicity Wealth LLC purchased a new stake in shares of AMMO in the first quarter worth about $74,000. Finally, Empowered Funds LLC boosted its stake in shares of AMMO by 176.4% in the first quarter. Empowered Funds LLC now owns 503,402 shares of the company’s stock worth $1,384,000 after buying an additional 321,257 shares during the last quarter. Hedge funds and other institutional investors own 26.40% of the company’s stock.

AMMO Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.