Outdoor (NASDAQ:POWW) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Outdoor (NASDAQ:POWW) has been given a "sell (D-)" rating by Weiss Ratings, reaffirming concerns over the stock's performance.
• Competing research firms have rated the stock differently, with Wall Street Zen upgrading it to a "hold" and Zacks Research also raising it to a "hold." The consensus rating is currently a "hold" with a target price of $2.00.
• Institutional ownership of POWW is 26.40%, with significant investments from firms such as Victory Capital Management, which increased its stake by 76.5% in the last quarter.

Outdoor (NASDAQ:POWW - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

A number of other research firms have also recently commented on POWW. Wall Street Zen raised shares of Outdoor from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Zacks Research raised shares of Outdoor from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.00.

Outdoor Price Performance

NASDAQ POWW opened at $1.63 on Friday. Outdoor has a 12-month low of $0.95 and a 12-month high of $2.14. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.10. The firm's 50 day moving average is $1.48 and its 200-day moving average is $1.47. The company has a market capitalization of $190.89 million, a PE ratio of -5.09 and a beta of 1.23.

Institutional Trading of Outdoor

Several institutional investors have recently added to or reduced their stakes in POWW. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Outdoor during the 1st quarter worth approximately $28,000. AQR Capital Management LLC purchased a new stake in Outdoor in the 1st quarter valued at $29,000. Warburton Capital Management LLC purchased a new stake in shares of Outdoor during the 1st quarter valued at $69,000. MetLife Investment Management LLC purchased a new stake in shares of Outdoor during the 1st quarter valued at $82,000. Finally, Victory Capital Management Inc. increased its position in shares of Outdoor by 76.5% during the 1st quarter. Victory Capital Management Inc. now owns 102,649 shares of the company's stock valued at $142,000 after purchasing an additional 44,495 shares during the last quarter. 26.40% of the stock is currently owned by institutional investors.

Outdoor 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.

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