American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 53,200 shares, a growth of 26.4% from the September 30th total of 42,100 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 2.2 days.
Analysts Set New Price Targets
Separately, Roth Mkm upped their target price on American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, September 16th.
Read Our Latest Research Report on American Outdoor Brands
Hedge Funds Weigh In On American Outdoor Brands
American Outdoor Brands Stock Down 2.1 %
AOUT stock opened at $9.34 on Monday. American Outdoor Brands has a twelve month low of $7.19 and a twelve month high of $9.90. The firm has a market cap of $120.44 million, a price-to-earnings ratio of -9.83 and a beta of 0.37. The business’s fifty day simple moving average is $9.01 and its two-hundred day simple moving average is $8.67.
American Outdoor Brands (NASDAQ:AOUT – Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The firm had revenue of $41.64 million for the quarter, compared to analysts’ expectations of $40.50 million. Research analysts expect that American Outdoor Brands will post 0.28 EPS for the current year.
American Outdoor Brands Company Profile
American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.
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