AMMO, Inc. (NASDAQ:POWW) Insider Sells $13,677.60 in Stock

AMMO, Inc. (NASDAQ:POWWGet Free Report) insider Fred W. Wagenhals sold 5,699 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $2.40, for a total value of $13,677.60. Following the completion of the transaction, the insider now directly owns 7,318,428 shares of the company’s stock, valued at $17,564,227.20. The sale was disclosed in a filing with the SEC, which is available at this link.

AMMO Price Performance

Shares of POWW traded up $0.01 during mid-day trading on Monday, reaching $2.43. The company had a trading volume of 945,628 shares, compared to its average volume of 667,854. AMMO, Inc. has a twelve month low of $1.57 and a twelve month high of $3.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.85 and a quick ratio of 2.99. The company has a market capitalization of $288.35 million, a P/E ratio of -17.29 and a beta of 0.34. The company’s 50-day moving average is $2.23 and its 200-day moving average is $2.22.

AMMO (NASDAQ:POWWGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $36.01 million for the quarter, compared to the consensus estimate of $33.10 million. AMMO had a positive return on equity of 3.28% and a negative net margin of 8.88%. On average, equities analysts anticipate that AMMO, Inc. will post 0.1 EPS for the current year.

Institutional Trading of AMMO

Hedge funds and other institutional investors have recently modified their holdings of the company. Prospera Financial Services Inc acquired a new stake in shares of AMMO in the first quarter valued at about $25,000. Principal Financial Group Inc. bought a new position in AMMO during the third quarter worth about $27,000. Hurlow Wealth Management Group Inc. bought a new position in AMMO during the fourth quarter worth about $28,000. Money Concepts Capital Corp bought a new position in AMMO during the fourth quarter worth about $29,000. Finally, Premier Path Wealth Partners LLC bought a new position in AMMO during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

AMMO Company Profile

(Get Free Report)

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.

Further Reading

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