AMMO, Inc. (NASDAQ:POWWP – Get Free Report)’s stock price shot up 0.6% during mid-day trading on Monday . The company traded as high as $23.75 and last traded at $23.8850. 2,165 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 3,848 shares. The stock had previously closed at $23.75.
AMMO Trading Down 1.6%
The company has a fifty day moving average price of $24.44 and a 200-day moving average price of $24.33.
AMMO Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.5469 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.19 dividend on an annualized basis and a yield of 9.1%.
AMMO Company Profile
AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.
The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.
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