Here’s Why Smith & Wesson (SWHC) Stock Is Up Today
NEW YORK (TheStreet) -- Shares of Smith & Wesson Holding (SWHC) are rising 3.18% to $29.19 on Friday morning after two deadly police shootings and after a sniper killed five police officers in Dallas last night, CNBC.com reports.
Gun stocks tend to rise following deadly shootings.
On June 13, one day after a gunman killed 49 people at a gay nightclub in Orlando, Smith & Wesson shares climbed 6.9% and Sturm Ruger (RGR) stock spiked 8.5%, CNBC.com noted.
Smith & Wesson manufacturers firearms, including revolvers and pistols, and long guns such as sporting rifles.
Shares of firearms manufacturer Sturm Ruger are advancing 4.23% to $67.25 this morning.
Separately, TheStreet Ratings Team has a "Buy" ratings with a score of B+ on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SWHC