AMMO (OTCMKTS:POWW) Stock Price Down 8.8%


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AMMO, Inc. (OTCMKTS:POWW) shares traded down 8.8% during mid-day trading on Tuesday . The company traded as low as $6.79 and last traded at $7.48. 2,688,048 shares changed hands during trading, a decline of 42% from the average session volume of 4,614,296 shares. The stock had previously closed at $8.20.

The company has a quick ratio of 0.66, a current ratio of 1.17 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average price of $6.53.

AMMO (OTCMKTS:POWW) last issued its earnings results on Tuesday, February 16th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01).

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of AMMO during the 4th quarter valued at about $99,000. Janney Montgomery Scott LLC bought a new position in shares of AMMO during the 4th quarter valued at about $33,000. Parsons Capital Management Inc. RI bought a new position in shares of AMMO during the 4th quarter valued at about $1,498,000. Raymond James Financial Services Advisors Inc. acquired a new stake in AMMO in the 4th quarter valued at approximately $69,000. Finally, Renaissance Technologies LLC acquired a new stake in AMMO in the 4th quarter valued at approximately $295,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

AMMO Company Profile (OTCMKTS:POWW)

Ammo, Inc designs, develops, manufactures, markets, and sells ammunition and ammunition component products for use in handguns and long guns in the United States and internationally. The company offers STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; One Precise Shot ammunition, which is designed to meet various engagement scenarios experienced by law enforcement personnel in the line of duty; and Stelth Subsonic ammunition that is designed primarily for suppressed firearms.

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