AMMO (NASDAQ:POWWP) Shares Up 0.6% – Still a Buy?

AMMO, Inc. (NASDAQ:POWWPGet Free Report)’s stock price rose 0.6% during trading on Monday . The stock traded as high as $23.75 and last traded at $23.8850. 2,165 shares changed hands during trading, a decline of 44% from the average session volume of 3,848 shares. The stock had previously closed at $23.75.

AMMO Trading Up 0.6%

The stock’s fifty day simple moving average is $24.46 and its two-hundred day simple moving average is $24.33.

AMMO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.5469 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.19 annualized dividend and a dividend yield of 9.2%.

About AMMO

(Get Free Report)

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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