Grabagun Digital (NYSE:PEW) Issues Quarterly Earnings Results

Grabagun Digital (NYSE:PEW) issued its quarterly earnings results on Thursday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The business had revenue of $23.22 million during the quarter.

Grabagun Digital Stock Performance

Shares of PEW traded up $0.07 during trading hours on Thursday, reaching $2.67. 395,875 shares of the company traded hands, compared to its average volume of 567,874. The company has a current ratio of 6.91, a quick ratio of 6.37 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $2.55. Grabagun Digital has a 1-year low of $2.24 and a 1-year high of $6.91. The firm has a market cap of $78.35 million, a PE ratio of -15.68 and a beta of -0.07.

Hedge Funds Weigh In On Grabagun Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEW. Bridgeway Capital Management LLC acquired a new position in Grabagun Digital in the 4th quarter valued at approximately $150,000. Engineers Gate Manager LP bought a new stake in shares of Grabagun Digital in the 4th quarter worth approximately $32,000. Quadrature Capital Ltd acquired a new stake in shares of Grabagun Digital during the 4th quarter worth approximately $279,000. XTX Topco Ltd grew its holdings in shares of Grabagun Digital by 195.7% during the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after purchasing an additional 41,335 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Grabagun Digital during the fourth quarter valued at approximately $43,000. 4.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Grabagun Digital in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.