Smith & Wesson Holding Corporation (SWHC) has risen sharply, recording gains of 4.69% in the past 4 weeks. However, the stock has corrected -0.13% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.97% and the 50-Day Moving Average is 10.58%. Smith & Wesson Holding Corporation (NASDAQ:SWHC): On Fridays trading session , Opening price of the stock was $29.8 with an intraday high of $30.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.58. However, the stock managed to close at $29.68, a loss of 0.67% for the day. On the previous day, the stock had closed at $29.88. The total traded volume of the day was 1,136,711 shares.
The company Insiders own 1.94% of Smith & Wesson Holding Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.71% . Institutional Investors own 70% of Smith & Wesson Holding Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -26.01%. Also, In a research note released to the investors, Cowen & Company upgrades its rating on Smith & Wesson Holding Corporation (NASDAQ:SWHC).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. In a recent information released to the investors, Cowen & Company lowers the new price target from $29 per share to $28 per share. The rating by the firm was issued on June 17, 2016.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.