Sturm, Ruger & Company, Inc. (NYSE:RGR) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.95 and traded as high as $37.67. Sturm, Ruger & Company, Inc. shares last traded at $37.2250, with a volume of 152,554 shares.

Wall Street Analysts Forecast Growth

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

Sturm, Ruger & Company, Inc. Stock Down 0.5%

The stock has a market cap of $593.37 million, a price-to-earnings ratio of 286.35 and a beta of 0.20. The firm’s 50 day moving average is $36.06 and its two-hundred day moving average is $36.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at $1,931,000. American Century Companies Inc. lifted its position in Sturm, Ruger & Company, Inc. by 27.1% in 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 during the last quarter. Deprince Race & Zollo Inc. bought a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $1,700,000. AXQ Capital LP acquired a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $351,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $1,105,000. 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.