There was a perceptible rise in the number of short positions held in American Outdoor Brands, Inc. during August (NASDAQ: AOUT). As of the 15th of August, there were 386,900 shares available for a short sale, which is a 9.8% increase over the total number of 352,400 shares that were available for a short sale the day before. Short holdings make up around 3.1% of the corporation’s total number of outstanding shares. The current short-interest ratio is 2.1 days, which can be calculated by considering that the stock market sees an average daily trading volume of 181,400 shares. It’s easy to lose sight of how quickly American outdoor brands grow their businesses. The NASDAQ AOUT market started the trading day on Tuesday at $7.77. Because its beta is 0.30 and its price-to-earnings ratio is 1.59, the company’s market value is estimated to be $104.55 million. The moving average for the firm for the past 200 days is $11.67, while the moving average for the company during the last 50 days is $8.68. There is a ratio of 0.12 debt to equity, a 2.15 quick ratio to current ratio, and a 6.66 current ratio to quick ratio. The ratio of current ratio to quick ratio is the highest. The lowest price that American Outdoor Brands has been at in the past year is $7.10, while the company’s all-time high price is $28.14. On July 14th, the most recent quarterly report for American Outdoor Brands (NASDAQ: AOUT) was made accessible to the general public for their perusal. The company reported an earnings per share figure for the quarter of $0.10, which was $0.04 more than the consensus estimate of $0.06 per share. The sales for the period came in at $45.89 million, which was more than the $45.13 million that analysts had predicted the sales would be for the period.
The return on equity for American Outdoor Brands was 8.33%, while the company had a negative net margin of 26.21%. Analysts that watch the stock market have predicted that American Outdoor Brands would produce $0.84 per share earnings during the current fiscal year. These projections are based on the company’s historical performance. Make an immediate purchase of American Outdoor Brands. Various institutional investors, including hedge funds and other types of investment vehicles, have adjusted the stakes they now hold in AOUT throughout the last few months. Fresh investment in American Outdoor Brands with a value of roughly $136,000 was made by Landscape Capital Management L.L.C. during the second quarter of the fiscal year. In addition, a brand new investment for $139,000 was made in American Outdoor Brands by All spring Global Investments Holdings L.L.C. during the last three months of 2018.
Further investment in the amount of close to $155,000 was made in American Outdoor Brands during the second quarter by the Bank of Montreal. The company received this investment in its future. In addition, engineers Gate Manager L.P. invested roughly $157,000 over the year’s first three months to acquire a new interest in American Outdoor Brands.
Last but not least, HighTower Advisors L.L.C. boosted the percentage of American Outdoor Brands shares it owned by 23.6% during the first quarter. This certainly should not be considered the least essential development. Hightower Advisors L.L.C. now has 12,472 shares of the company’s stock, which has a current market value of $163,000 after making an additional purchase of 2,384 shares during the most recent quarter. Most of the company’s shares, or 77.36 percent, are owned by institutional investors and hedge funds. In a research report issued on the 2nd of August by Cowen, the investment bank stated that they would be decreasing their price objective on American Outdoor Brands shares from $23.00 to $11.00. This news was made public on the 2nd of August. On Tuesday, August 2nd, Cowen said they would be dropping their price objective on American Outdoor Brands stock from $23.00 to $11.00. The announcement was made in a research report that was issued on Tuesday. In a research note published on the 21st of June, B. Riley lowered their price target for American Outdoor Brands from $25 to $12 and shifted it from a “buy” rating to a “neutral” rating in a research note. In addition, they moved the rating they had previously given to the company from “buy” to “neutral.” The 21st of July saw the issuance of a research note on the company’s stock by Roth Capital, marking the beginning of the investment firm’s coverage of shares of American Outdoor Brands. They suggested investing in the company by purchasing shares and establishing a price target of $11.00 per share. American Outdoor Brands, Inc. manufactures and distributes durable outdoor gear, equipment, and accessories globally. Their focus is on the outdoor recreation industry. It provides useful products for various outdoor activities, including shooting, camping, fishing, and hunting. Items such as high-quality sporting knives and tools for fishing and hunting; tools for land management to prepare for hunting; harvesting items for activities that can be done after fishing or hunting; outdoor cooking items; and camping, survival, and emergency preparedness gear are examples of things that are considered to be part of the outdoor lifestyle.
