AMMO (NASDAQ:POWW) Shares Down 1.9%

AMMO, Inc. (NASDAQ:POWW) fell 1.9% during mid-day trading on Wednesday . The company traded as low as $1.54 and last traded at $1.56. 555,441 shares traded hands during trading, a decline of 14% from the average session volume of 645,582 shares. The stock had previously closed at $1.59.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price target on AMMO from $2.25 to $2.00 and set a “neutral” rating for the company in a report on Monday, June 17th.

AMMO Trading Up 2.5 %

The company has a quick ratio of 2.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.03. The firm has a market cap of $197.84 million, a P/E ratio of -10.38 and a beta of 0.25. The business’s 50 day moving average is $2.15 and its 200-day moving average is $2.31.

AMMO (NASDAQ:POWW) last issued its quarterly earnings results on Thursday, June 13th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). AMMO had a negative net margin of 10.73% and a positive return on equity of 3.13%. The firm had revenue of $40.42 million during the quarter, compared to the consensus estimate of $37.60 million. As a group, analysts forecast that AMMO, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMMO

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in AMMO by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,920,188 shares of the company’s stock worth $13,531,000 after buying an additional 86,069 shares during the period. First Eagle Investment Management LLC acquired a new stake in AMMO in the 1st quarter valued at approximately $2,274,000. Anthracite Investment Company Inc. raised its stake in AMMO by 7.4% during the 1st quarter. Anthracite Investment Company Inc. now owns 553,893 shares of the company’s stock valued at $1,523,000 after acquiring an additional 38,364 shares in the last quarter. Empowered Funds LLC boosted its position in AMMO by 176.4% during the 1st quarter. Empowered Funds LLC now owns 503,402 shares of the company’s stock worth $1,384,000 after acquiring an additional 321,257 shares during the period. Finally, InterOcean Capital Group LLC grew its stake in shares of AMMO by 8.4% in the first quarter. InterOcean Capital Group LLC now owns 330,810 shares of the company’s stock worth $910,000 after purchasing an additional 25,500 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors and hedge funds.

About AMMO

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.