AMMO (NASDAQ:POWW) Price Target Cut to $1.50 by Analysts at Roth Mkm

AMMO (NASDAQ:POWW) had its price objective cut by Roth Mkm from $1.60 to $1.50 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

AMMO Price Performance

POWW stock opened at $1.43 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.17 and a quick ratio of 1.87. AMMO has a one year low of $1.35 and a one year high of $3.15. The stock has a market cap of $170.43 million, a PE ratio of -8.94 and a beta of 0.24. The firm has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $2.04.

AMMO (NASDAQ:POWW) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $30.95 million during the quarter, compared to analysts’ expectations of $31.20 million.

Institutional Investors Weigh In On AMMO

Hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new stake in shares of AMMO in the 1st quarter worth approximately $29,000. Quadrature Capital Ltd bought a new stake in shares of AMMO in the 1st quarter worth approximately $54,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of AMMO by 24.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,303 shares of the company’s stock worth $73,000 after acquiring an additional 5,171 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in shares of AMMO in the 2nd quarter worth approximately $47,000. Finally, American Century Companies Inc. lifted its holdings in shares of AMMO by 33.9% in the 2nd quarter. American Century Companies Inc. now owns 157,016 shares of the company’s stock worth $264,000 after acquiring an additional 39,736 shares during the last quarter. 26.40% of the stock is currently owned by institutional investors.

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.