American Outdoor Brands Corporation (AOBC)’s Stock Is Sell After Touching 52 Week Low

January 9, 2018 - By Kurt Siggers

The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) hit a new 52-week low and has $11.49 target or 3.00 % below today’s $11.85 share price. The 5 months bearish chart indicates high risk for the $641.25M company. The 1-year low was reported on Jan, 9 by Barchart.com. If the $11.49 price target is reached, the company will be worth $19.24 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.99% or $0.24 during the last trading session, reaching $11.85. About 924,264 shares traded. American Outdoor Brands Corporation (NASDAQ:AOBC) has 0.00% since January 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await American Outdoor Brands Corporation (NASDAQ:AOBC) to report earnings on March, 1. They expect $0.09 EPS, down 86.36 % or $0.57 from last year’s $0.66 per share. AOBC’s profit will be $4.87M for 32.92 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS reported by American Outdoor Brands Corporation for the previous quarter, Wall Street now forecasts -18.18 % negative EPS growth.

American Outdoor Brands Corporation (NASDAQ:AOBC) Ratings Coverage

Among 7 analysts covering American Outdoor Brands (NASDAQ:AOBC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. American Outdoor Brands had 16 analyst reports since January 18, 2017 according to SRatingsIntel. On Thursday, September 7 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained it with “Hold” rating and $2000 target in Friday, July 7 report. Cowen & Co maintained the stock with “Buy” rating in Friday, August 4 report. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) earned “Buy” rating by Cowen & Co on Friday, June 30. The stock has “Buy” rating by Cowen & Co on Friday, September 8. The rating was maintained by Wunderlich with “Hold” on Thursday, June 22. The firm has “Hold” rating by Lake Street given on Friday, November 17. The rating was maintained by Jefferies with “Hold” on Friday, June 2. Wedbush upgraded American Outdoor Brands Corporation (NASDAQ:AOBC) on Monday, September 25 to “Outperform” rating. Cowen & Co maintained the shares of AOBC in report on Friday, November 3 with “Buy” rating.

More notable recent American Outdoor Brands Corporation (NASDAQ:AOBC) news were published by: Fool.com which released: “What to Expect from American Outdoor Brands Corp in 2018” on January 01, 2018, also 247Wallst.com with their article: “Genworth Financial, American Outdoor Brands Plunge into Wednesday’s 52-Week …” published on January 03, 2018, Seekingalpha.com published: “American Outdoor Brands: Wrong For The Right Reasons” on December 10, 2017. More interesting news about American Outdoor Brands Corporation (NASDAQ:AOBC) were released by: Benzinga.com and their article: “Jim Cramer Advises His Viewers On Incyte And American Outdoor Brands” published on January 08, 2018 as well as Fool.com‘s news article titled: “Why American Outdoor Brands, MoneyGram International, and Community Health …” with publication date: January 03, 2018.

American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. The company has market cap of $641.25 million. It operates in two divisions, Firearms, and Outdoor Products & Accessories. It has a 10.7 P/E ratio. The firm offers handguns, long guns, handcuffs, sporting and hunting rifles, black powder firearms, and firearm-related products and accessories.

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