Soft demand for firearms took its toll on the company's performance last quarter.
News & Analysis: American Outdoor Brands Corporation
Firearms maker misses the target after electro-optics business stumbles.
Poor earnings contributed to some of the downward pressure on the market.
Solid quarterly results were offset by worries about anemic future demand.
AOBC earnings call for the period ending January 31, 2019.
The firearms industry is improving, while outdoor gear is becoming a more important part of the gunmaker's performance.
The gunmaker says the resolution from its parent company requiring the report was based on false assumptions.
Despite some indications of declining interest from consumers, these gun models are still proving to be popular with gun buyers.
Sales of long guns lifted the firearms maker, but an accounting change played a bigger role.
Solid earnings and positive prospects for industry groups helped push these stocks higher.