Why Ammo Stock Is Down Today

·2 min read

Firearms marketplace and supplier Ammo (NASDAQ: POWW) released fiscal first-quarter results that were below expectations, sending shares down as much as 20% in Tuesday trading. Ammo has been a volatile stock, but its quarterly results, announced Monday night, still managed to catch Wall Street off guard. Ammo believes much of that added cost will be temporary, providing the opportunity for margins to increase as the year goes on.