Tuttle Capital Management LLC Takes $33,000 Position in AMMO, Inc. (NASDAQ:POWW)

Tuttle Capital Management LLC bought a new position in shares of AMMO, Inc. (NASDAQ:POWW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,412 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Triune Financial Partners LLC bought a new position in shares of AMMO during the third quarter valued at $29,000. SG Americas Securities LLC bought a new position in AMMO during the 3rd quarter worth $44,000. Watts Gwilliam & Co. LLC acquired a new position in AMMO during the 3rd quarter worth about $53,000. Victory Capital Management Inc. lifted its holdings in AMMO by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 82,356 shares of the company’s stock worth $118,000 after buying an additional 9,649 shares during the period. Finally, Stratos Investment Management LLC acquired a new stake in shares of AMMO in the third quarter valued at about $143,000. 26.40% of the stock is owned by institutional investors.

AMMO Trading Up 1.5 %

NASDAQ:POWW opened at $1.38 on Tuesday. AMMO, Inc. has a 52 week low of $0.95 and a 52 week high of $2.94. The firm’s fifty day moving average is $1.18 and its 200-day moving average is $1.38. The firm has a market cap of $163.88 million, a P/E ratio of -6.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.87 and a current ratio of 3.17.

Wall Street Analyst Weigh In

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

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.