AMMO (POWWP) Projected to Post Quarterly Earnings on Wednesday

AMMO (NASDAQ:POWWP) is expected to post its quarterly earnings results before the market opens on Wednesday, June 11th. Analysts expect AMMO to post earnings of ($0.01) per share and revenue of $41.28 million for the quarter.

AMMO Stock Performance

Shares of NASDAQ:POWWP traded down $0.90 during midday trading on Monday, reaching $22.00. The company’s stock had a trading volume of 3,288 shares, compared to its average volume of 4,914. AMMO has a fifty-two week low of $18.20 and a fifty-two week high of $27.20. The business’s fifty day simple moving average is $22.38 and its 200-day simple moving average is $21.49.

AMMO Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Sunday, June 1st will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.19 annualized dividend and a yield of 9.94%.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring 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; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition.