PREVIEW: Ammo Inc dips ahead of report after the bell

Outdoor Holding

29/06/2022 17:02

** Shares of Ammo Inc  POWW.O  down 1.8% ahead of the ammunition
seller's qtrly report after the bell
    ** The co, which also owns GunBroker.com, down 26% YTD, less
than the Nasdaq's  .IXIC  29% decrease
    ** Three analysts cover POWW, on avg expecting qtrly rev up
210% to $75 mln and EPS of $0.09 for fiscal qtr ending in March,
per Refinitiv
    ** POWW rallied on Thur after U.S. Supreme Court struck down
New York state's concealed-carry gun control law, but has since
mostly given up that gain  urn:newsml:reuters.com:*:nL1N2YA1GY
    ** Firearms-related stocks often rally on fears of civil
unrest, and on expectations of potential changes in gun control
regulation

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; Twitter: @randewich;))