AMMO, Inc. (NASDAQ:POWW) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of AMMO, Inc. (NASDAQ:POWW) by 270.0% during the third quarter, Holdings Channel reports. The firm owned 117,494 shares of the company’s stock after purchasing an additional 85,738 shares during the quarter. Barclays PLC’s holdings in AMMO were worth $168,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Triune Financial Partners LLC purchased a new position in AMMO in the 3rd quarter worth about $29,000. Koss Olinger Consulting LLC acquired a new stake in AMMO during the 2nd quarter valued at $47,000. SG Americas Securities LLC purchased a new stake in shares of AMMO in the third quarter valued at $44,000. Watts Gwilliam & Co. LLC acquired a new stake in shares of AMMO in the third quarter worth $53,000. Finally, Victory Capital Management Inc. grew its holdings in shares of AMMO by 13.3% during the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock valued at $118,000 after buying an additional 9,649 shares in the last quarter. 26.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price objective on AMMO from $1.60 to $1.50 and set a “neutral” rating on the stock in a report on Friday, September 27th.

AMMO Stock Performance

Shares of NASDAQ:POWW opened at $1.34 on Wednesday. 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 stock has a market capitalization of $159.13 million, a PE ratio of -6.38 and a beta of 0.39. AMMO, Inc. has a 1 year low of $0.95 and a 1 year high of $2.94. The firm has a fifty day moving average price of $1.16 and a 200 day moving average price of $1.39.

AMMO 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.