NEW YORK ( TheStreet) -- Shares of Sturm Ruger & Company (NYSE: RGR) have taken a tremendous swing upward. The stock is trading at $29.49 as of 10:02 a.m. ET, 22.5% above Wednesday's closing price of $24.07. Volume is at 156,522, 1.3 times the daily average of 117,900.

Sturm Ruger has a market cap of $465.5 million and is part of the consumer goods sector and consumer durables industry. Shares are up 57.4% year to date as of the close of trading on Wednesday.

Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States. The company has a P/E ratio of 17, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sturm Ruger as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sturm Ruger Ratings Report.

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