AMMO (NASDAQ:POWW) Cut to "Sell" at Wall Street Zen

AMMO (NASDAQ:POWW - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

AMMO Trading Down 2.0%

NASDAQ:POWW traded down $0.04 during midday trading on Friday, hitting $1.69. 176,916 shares of the company traded hands, compared to its average volume of 769,162. The company has a current ratio of 3.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $200.08 million, a P/E ratio of -8.02 and a beta of 1.31. AMMO has a 12-month low of $0.95 and a 12-month high of $2.86. The firm's fifty day moving average is $1.64 and its 200-day moving average is $1.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POWW. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of AMMO in the first quarter valued at approximately $28,000. AQR Capital Management LLC purchased a new stake in AMMO during the 1st quarter worth about $29,000. ProShare Advisors LLC lifted its position in shares of AMMO by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock worth $28,000 after buying an additional 8,312 shares during the last quarter. Prudential Financial Inc. purchased a new stake in AMMO in the 4th quarter valued at $41,000. Finally, Intech Investment Management LLC raised its stake in AMMO by 175.6% during the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company's stock valued at $46,000 after acquiring an additional 26,783 shares during the last quarter. Hedge funds and other institutional investors own 26.40% of the company's stock.

About AMMO

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.