American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 54,500 shares, a decline of 8.4% from the August 15th total of 59,500 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 26,200 shares, the short-interest ratio is presently 2.1 days.
Analyst Upgrades and Downgrades
Separately, Roth Mkm upped their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday.
Read Our Latest Stock Report on American Outdoor Brands
Institutional Trading of American Outdoor Brands
American Outdoor Brands Stock Down 0.6 %
NASDAQ AOUT opened at $8.44 on Thursday. The company has a 50-day simple moving average of $8.95 and a two-hundred day simple moving average of $8.56. American Outdoor Brands has a 12-month low of $7.19 and a 12-month high of $10.00. The firm has a market cap of $108.83 million, a price-to-earnings ratio of -8.88 and a beta of 0.37.
American Outdoor Brands (NASDAQ:AOUT – Get Free Report) last posted its quarterly earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The business had revenue of $46.30 million for the quarter, compared to analysts’ expectations of $43.20 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Equities analysts expect that American Outdoor Brands will post 0.24 earnings per share for the current fiscal year.
American Outdoor Brands Company Profile
American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.
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