AMMO, Inc. (NASDAQ:POWWP – Get Free Report) fell 0.1% during trading on Thursday . The company traded as low as $24.50 and last traded at $24.3760. 3,326 shares were traded during trading, a decline of 8% from the average daily volume of 3,614 shares. The stock had previously closed at $24.40.
AMMO Stock Performance
The firm’s fifty day moving average price is $24.20 and its two-hundred day moving average price is $24.35.
AMMO Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a yield of 9.0%. The ex-dividend date was Monday, June 1st.
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.
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