AMMO (NASDAQ:POWW) PT Lowered to $1.50 at Roth Mkm

AMMO (NASDAQ:POWW) had its price objective reduced by equities research analysts at Roth Mkm from $1.60 to $1.50 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Roth Mkm’s price target suggests a potential upside of 4.17% from the stock’s previous close.

AMMO Stock Performance

Shares of POWW opened at $1.44 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17. The company has a market capitalization of $171.62 million, a PE ratio of -9.00 and a beta of 0.24. AMMO has a 52 week low of $1.35 and a 52 week high of $3.15. The company’s 50 day moving average price is $1.56 and its 200 day moving average price is $2.05.

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

Institutional Investors Weigh In On AMMO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in POWW. Pathway Financial Advisers LLC acquired a new stake in shares of AMMO during the 1st quarter worth approximately $29,000. Koss Olinger Consulting LLC acquired a new position in AMMO during the second quarter worth $47,000. Quadrature Capital Ltd acquired a new position in shares of AMMO in the first quarter valued at $54,000. Price T Rowe Associates Inc. MD increased its holdings in shares of AMMO by 24.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock valued at $73,000 after purchasing an additional 5,171 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of AMMO by 33.9% in the second 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 period. Institutional investors and hedge funds own 26.40% of the company’s stock.

AMMO Company Profile

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.