AMMO (NASDAQ:POWW) Given New $1.50 Price Target at Roth Mkm

AMMO (NASDAQ:POWW) had its price objective decreased by Roth Mkm from $1.60 to $1.50 in a research note released on Friday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

AMMO Trading Down 0.7 %

Shares of POWW stock opened at $1.44 on Friday. The business’s fifty day moving average price is $1.56 and its 200 day moving average price is $2.05. The firm has a market capitalization of $171.62 million, a PE ratio of -9.00 and a beta of 0.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87. AMMO has a 1-year low of $1.35 and a 1-year high of $3.15.

AMMO (NASDAQ:POWW) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $30.95 million for the quarter, compared to analyst estimates of $31.20 million.

Hedge Funds Weigh In On AMMO

Several hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in AMMO during the first quarter worth $2,274,000. Empowered Funds LLC raised its stake in shares of 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 buying an additional 321,257 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of AMMO by 33.6% during the 2nd quarter. Renaissance Technologies LLC now owns 589,400 shares of the company’s stock worth $990,000 after buying an additional 148,100 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AMMO by 1.8% in the 1st 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in AMMO by 33.9% in the 2nd quarter. American Century Companies Inc. now owns 157,016 shares of the company’s stock valued at $264,000 after acquiring an additional 39,736 shares during the last quarter. 26.40% of the stock is owned by hedge funds and other institutional investors.

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.