American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Free Report) was the target of a large decline in short interest in the month of 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. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, Roth Mkm boosted their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a report on Monday.
View Our Latest Research Report on American Outdoor Brands
Institutional Inflows and Outflows
American Outdoor Brands Price Performance
Shares of AOUT stock opened at $8.44 on Thursday. The company’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $8.56. American Outdoor Brands has a 1 year low of $7.19 and a 1 year high of $10.00. The stock has a market capitalization 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 issued its earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The business had revenue of $46.30 million for the quarter, compared to the consensus estimate of $43.20 million. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. During the same period in the previous year, the firm earned ($0.03) EPS. Equities research analysts anticipate that American Outdoor Brands will post 0.24 EPS for the current year.
About American Outdoor Brands
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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