AMMO (NASDAQ:POWWP) Shares Up 0% – Here’s Why

AMMO, Inc. (NASDAQ:POWWP) shot up 0% during trading on Friday . The stock traded as high as $24.00 and last traded at $24.0310. 421 shares changed hands during trading, a decline of 89% from the average session volume of 3,681 shares. The stock had previously closed at $24.02.

AMMO Stock Performance

The business has a 50 day moving average price of $24.16 and a 200-day moving average price of $23.72.

AMMO (NASDAQ:POWWP) last announced its quarterly earnings results on Monday, February 14th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $16.62 million for the quarter.

AMMO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.19 annualized dividend and a yield of 9.1%.

AMMO Company Profile

AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.

The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.