Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.59 and traded as high as $38.47. Sturm, Ruger & Company, Inc. shares last traded at $38.0240, with a volume of 207,696 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sturm, Ruger & Company, Inc. has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Trading Up 0.8%

The stock has a market capitalization of $611.14 million, a PE ratio of 294.92 and a beta of 0.20. The business’s 50-day moving average is $34.72 and its two-hundred day moving average is $36.62.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 0.48% and a return on equity of 8.76%. The company had revenue of $126.77 million for the quarter, compared to the consensus estimate of $124.22 million. During the same quarter last year, the company earned $0.28 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $1,931,000. American Century Companies Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 27.1% during the 2nd quarter. American Century Companies Inc. now owns 202,284 shares of the company’s stock valued at $7,262,000 after purchasing an additional 43,079 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter worth about $427,000. Deprince Race & Zollo Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at $1,700,000. Finally, AXQ Capital LP acquired a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter worth $351,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.