American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report)'s stock price traded up 0.5% on Thursday . The company traded as high as $9.90 and last traded at $9.60. 30,777 shares were traded during trading, a decline of 4% from the average session volume of 31,970 shares. The stock had previously closed at $9.55.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of American Outdoor Brands in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $12.50.
Get Our Latest Report on American Outdoor Brands
American Outdoor Brands Trading Up 0.5%
The stock has a market cap of $120.96 million, a P/E ratio of -12.31 and a beta of 0.28. The firm's 50-day simple moving average is $9.07 and its 200 day simple moving average is $8.35.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in American Outdoor Brands by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 33,530 shares of the company's stock worth $313,000 after purchasing an additional 1,641 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of American Outdoor Brands in the 1st quarter worth approximately $30,000. Corient Private Wealth LLC lifted its stake in shares of American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company's stock worth $1,306,000 after acquiring an additional 136,680 shares during the period. Empowered Funds LLC lifted its stake in shares of American Outdoor Brands by 9.2% in the 4th quarter. Empowered Funds LLC now owns 34,400 shares of the company's stock worth $266,000 after acquiring an additional 2,889 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of American Outdoor Brands by 558.0% in the 4th quarter. Russell Investments Group Ltd. now owns 20,550 shares of the company's stock worth $159,000 after acquiring an additional 17,427 shares during the period. Institutional investors own 49.87% of the company's stock.
About American Outdoor Brands
(
Get Free Report)
American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.
Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.
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