Outdoor (NASDAQ:POWW) Shares Down 0.4% – Time to Sell?

Outdoor Holding Company (NASDAQ:POWW) shares were down 0.4% during mid-day trading on Friday. The company traded as low as $2.27 and last traded at $2.30. 398,724 shares changed hands during trading, a decline of 30% from the average daily volume of 568,699 shares. The stock had previously closed at $2.31.

Analysts Set New Price Targets

POWW has been the subject of several recent research reports. Weiss Ratings raised shares of Outdoor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Roth Capital restated a “buy” rating on shares of Outdoor in a report on Tuesday, August 11th. Finally, Zacks Research cut shares of Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.62.

Outdoor Trading Down 0.4%

The business’s 50 day moving average price is $2.26 and its two-hundred day moving average price is $2.12. The company has a market capitalization of $266.94 million, a price-to-earnings ratio of 76.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74.

Outdoor (NASDAQ:POWW) last released its earnings results on Monday, August 10th. The company reported $0.02 EPS for the quarter. Outdoor had a net margin of 12.08% and a return on equity of 1.90%. The business had revenue of $14.48 million during the quarter, compared to analyst estimates of $13.02 million. Equities analysts forecast that Outdoor Holding Company will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd lifted its position in shares of Outdoor by 8.1% in the third quarter. R Squared Ltd now owns 81,012 shares of the company’s stock worth $182,000 after buying an additional 6,103 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Outdoor during the 3rd quarter worth about $81,000. StoneX Group Inc. acquired a new position in shares of Outdoor during the 3rd quarter valued at about $34,000. State of Wyoming acquired a new position in shares of Outdoor during the 3rd quarter valued at about $91,000. Finally, Squarepoint Ops LLC raised its position in shares of Outdoor by 235.1% in the second quarter. Squarepoint Ops LLC now owns 183,835 shares of the company’s stock valued at $419,000 after purchasing an additional 128,970 shares during the period. Institutional investors and hedge funds own 26.40% of the company’s stock.

About Outdoor

Outdoor, formerly known as AMMO, Inc, is an outdoor-focused company serving the firearms, hunting, shooting and broader recreation markets. Its principal business is GunBroker.com, an online marketplace that connects buyers and sellers of firearms, ammunition, accessories, sporting goods and related outdoor products, subject to applicable laws and regulations.

The company’s marketplace provides product listings, transaction services and related digital tools for its community of consumers, dealers and manufacturers.