Is American Outdoor Brands Stock Too Cheap to Pass Up?

Is American Outdoor Brands Stock Too Cheap to Pass Up?

American Outdoor Brands (NASDAQ: AOBC) shares plunged earlier this month after the company reported fiscal 2018 first-quarter results that showed a 37% decline in sales and a GAAP net loss of $0.04 per share. Even after adjusting for one-time events, the $0.02 per-share profit was way below what analysts had forecast.

The firearms market has weakened considerably since November, and it surprised even the company, which said shipments came in below expectations.

Image source: Smith & Wesson.

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Source: Fool.com