AMMO (POWWP) Projected to Post Quarterly Earnings on Wednesday

AMMO (NASDAQ:POWWP) is projected to release its earnings data before the market opens on Wednesday, June 11th. Analysts expect AMMO to post earnings of ($0.01) per share and revenue of $41.28 million for the quarter.

AMMO Trading Down 3.9%

AMMO stock traded down $0.90 during midday trading on Monday, reaching $22.00. 3,288 shares of the company’s stock were exchanged, compared to its average volume of 4,914. The stock’s 50-day simple moving average is $22.38 and its 200 day simple moving average is $21.49. AMMO has a 52 week low of $18.20 and a 52 week high of $27.20.

AMMO Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Sunday, June 1st will be given a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 9.94%. The ex-dividend date is Friday, May 30th.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring 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; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition.