Smith & Wesson Holding Corporation (SWHC) Shares are Up 2.79%

Smith & Wesson Holding Corporation (SWHC) : Traders are bullish on Smith & Wesson Holding Corporation (SWHC) as it has outperformed the S&P 500 by a wide margin of 2.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.79% in the last 1 week, and is up 6.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 14.98%. Smith & Wesson Holding Corporation is up 34.91% in the last 3-month period. Year-to-Date the stock performance stands at 33.99%.


Smith & Wesson Holding Corporation (NASDAQ:SWHC): On Fridays trading session , Opening price of the stock was $29.44 with an intraday high of $29.8028. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.7. However, the stock managed to close at $29.45, a loss of 0.10% for the day. On the previous day, the stock had closed at $29.48. The total traded volume of the day was 2,065,578 shares.

Also, Brokerage firm Cowen & Company upgrades its rating on Smith & Wesson Holding Corporation (NASDAQ:SWHC). As per the latest information, the brokerage house lowers the price target to $28 per share from a prior target of $29. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. 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.

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