AMMO (NASDAQ:POWW) PT Lowered to $2.00 at Roth Mkm

AMMO (NASDAQ:POWWFree Report) had its price target lowered by Roth Mkm from $2.25 to $2.00 in a research report released on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

AMMO Trading Up 6.9 %

POWW opened at $1.87 on Monday. AMMO has a twelve month low of $1.70 and a twelve month high of $3.15. The company has a quick ratio of 2.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $2.46 and a 200-day moving average of $2.36. The stock has a market cap of $222.87 million, a PE ratio of -11.69 and a beta of 0.30.

Institutional Investors Weigh In On AMMO

Several large investors have recently modified their holdings of POWW. Hurlow Wealth Management Group Inc. acquired a new stake in AMMO in the fourth quarter worth $28,000. Pathway Financial Advisers LLC acquired a new stake in AMMO in the first quarter worth $29,000. Premier Path Wealth Partners LLC acquired a new stake in AMMO in the fourth quarter worth $32,000. Tower Research Capital LLC TRC grew its holdings in AMMO by 198.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,519 shares of the company’s stock worth $37,000 after purchasing an additional 11,658 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new stake in AMMO in the fourth quarter worth $40,000. 26.40% of the stock is currently owned by institutional investors and hedge funds.

AMMO Company Profile

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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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