May. 17 at 6:58 PM
$NPK Interesting company, commonly known for producing various kitchen appliances, such as pressure cookers , grills and other appliances. But the real kicker is the Aerospace/Defense division, Amtec, which produces 40mm grenade ammo, fusing materials & casings.
AMTEC Corporation is the largest volume producer of 40mm Grenade Ammunition and Fuzing in the world, and is the current sole Prime Contractor to the US Department of Defense for the 40mm Family of Grenade Ammunition. The 40mm Family of Grenade Ammunition includes both low velocity and high velocity cartridges across tactical high explosive, training, illumination, and non-lethal configurations.
AMTEC Corporation also produces various precision fuzes, firing devices, impact switches, and initiators for the US Department of Defense, other prime contractors, and international allies.
It’s declined 25% from its high this year, but sitting above its weekly 50 & 200. Very few watchers on ST, 242 as of today. It’s a spec , low vol mover, but I think it has the potential to get back 95+. An entry in the low 80s would be a gift for a long hold. Small div. No position yet.
