Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares passed 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 trading hands.

Wall Street Analyst Weigh In

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

Sturm, Ruger & Company, Inc. Stock Performance

The firm has a market capitalization of $606.10 million, a price-to-earnings ratio of 292.49 and a beta of 0.20. The company has a 50 day moving average price of $34.56 and a two-hundred day moving average price of $36.59.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $29,000. Parallel Advisors LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 176.5% during the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 158.2% during the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 2,075.8% in the third quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock valued at $62,000 after acquiring an additional 1,370 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after acquiring an additional 1,132 shares during the last quarter. 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.