AMMO (NASDAQ:POWW) Stock Rating Lowered by Roth Capital

AMMO (NASDAQ:POWWGet Rating) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $3.00 price objective on the stock, down from their prior price objective of $6.00. Roth Capital’s target price would suggest a potential upside of 36.36% from the company’s previous close.

Separately, Lake Street Capital cut their price objective on AMMO from $12.00 to $9.00 in a research report on Tuesday, August 16th.

AMMO Stock Performance

NASDAQ POWW opened at $2.20 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. AMMO has a 52-week low of $2.08 and a 52-week high of $6.92. The business’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.94. The firm has a market cap of $257.31 million, a P/E ratio of 27.50 and a beta of 0.32.

AMMO (NASDAQ:POWWGet Rating) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. AMMO had a return on equity of 14.18% and a net margin of 10.51%. The company had revenue of $60.76 million for the quarter, compared to analyst estimates of $68.60 million. On average, equities research analysts expect that AMMO will post 0.64 earnings per share for the current year.

Insider Transactions at AMMO

In other news, Director Harry S. Markley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $4.37, for a total transaction of $109,250.00. Following the sale, the director now directly owns 145,000 shares in the company, valued at approximately $633,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.50% of the company’s stock.

Institutional Trading of AMMO

A number of hedge funds have recently modified their holdings of POWW. Tcwp LLC purchased a new stake in shares of AMMO during the first quarter worth $38,000. Atom Investors LP bought a new stake in shares of AMMO in the third quarter valued at approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in AMMO in the 3rd quarter worth $33,000. Quantbot Technologies LP bought a new position in shares of AMMO during the 2nd quarter worth about $45,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of AMMO during the first quarter valued at about $60,000. Hedge funds and other institutional investors own 32.07% of the company’s stock.

About AMMO

(Get Rating)

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.

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