AMMO, Inc. (NASDAQ:POWWP – Get Free Report)’s stock price traded down 0.1% during mid-day trading on Thursday . The company traded as low as $24.50 and last traded at $24.3760. Approximately 3,326 shares were traded during mid-day trading, a decline of 8% from the average session volume of 3,614 shares. The stock had previously closed at $24.40.
AMMO Trading Down 1.6%
The stock has a 50-day moving average of $24.19 and a 200 day moving average of $24.35.
AMMO Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.5469 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.19 dividend on an annualized basis and a dividend yield of 9.0%.
About AMMO
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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