Sturm, Ruger & Co. Inc. RGR was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside was driven by the fear of tightening gun laws following the recent spate of mass shootings which in turn is stoking demand for guns. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally continues the recent uptrend for the company as the stock is now up 13.3% in the past one-month time frame.
The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sturm, Ruger & Co currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Callaway Golf Co. ELY, which sports a Zacks Rank #1 (Strong Buy).
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