Outdoor (NASDAQ:POWW) Upgraded to “Hold” at Wall Street Zen

Outdoor (NASDAQ:POWW) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Lake Street Capital dropped their target price on shares of Outdoor from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, June 23rd.

Outdoor Stock Up 2.3%

Shares of POWW stock opened at $1.31 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 3.28. The firm’s 50-day moving average is $1.27 and its 200-day moving average is $1.50. The stock has a market cap of $153.41 million, a price-to-earnings ratio of -2.85 and a beta of 1.10. Outdoor has a 52-week low of $0.95 and a 52-week high of $2.14.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Outdoor in the 1st quarter valued at about $28,000. AQR Capital Management LLC bought a new position in Outdoor in the 1st quarter valued at about $29,000. ProShare Advisors LLC raised its holdings in Outdoor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company’s stock valued at $28,000 after acquiring an additional 8,312 shares during the period. Warburton Capital Management LLC bought a new position in shares of Outdoor during the first quarter worth approximately $69,000. Finally, MetLife Investment Management LLC bought a new position in shares of Outdoor during the first quarter worth approximately $82,000. 26.40% of the stock is owned by institutional investors.

Outdoor 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.