AMMO (NASDAQ:POWW - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.
AMMO Stock Up 3.0%
POWW traded up $0.05 during trading hours on Friday, reaching $1.72. 583,530 shares of the stock traded hands, compared to its average volume of 771,482. 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 fifty-two week low of $0.95 and a fifty-two week high of $2.86. The firm's fifty day simple moving average is $1.64 and its two-hundred day simple moving average is $1.48. The company has a market cap of $204.24 million, a price-to-earnings ratio of -8.19 and a beta of 1.31.
Institutional Investors Weigh In On AMMO
A number of institutional investors have recently modified their holdings of POWW. Voya Investment Management LLC raised its holdings in AMMO by 6.1% in the 4th quarter. Voya Investment Management LLC now owns 123,566 shares of the company's stock worth $136,000 after acquiring an additional 7,148 shares during the period. ProShare Advisors LLC boosted its position in AMMO by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock valued at $28,000 after buying an additional 8,312 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AMMO by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 254,806 shares of the company's stock worth $352,000 after purchasing an additional 8,825 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of AMMO by 0.7% during the fourth quarter. First Eagle Investment Management LLC now owns 1,508,870 shares of the company's stock worth $1,660,000 after buying an additional 10,000 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of AMMO by 5.4% during the first quarter. Invesco Ltd. now owns 193,963 shares of the company's stock worth $268,000 after buying an additional 10,010 shares during the last quarter. Institutional investors and hedge funds own 26.40% of the company's stock.
About AMMO
(
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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.
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