NEW YORK (TheStreet) -- Shares of gun manufacturer Sturm, Ruger & Co. (RGR - Get Report) are soaring higher by 4.41% to $59.90 in pre-market trading on Monday morning, after an ISIS inspired shooting at a nightclub in Orlando over the weekend.

In what is being described as an act of domestic terrorism, more than 50 people were killed and another 53 injured at the LGBT club. The shooter, identified as Omar Mateen, was also killed.

Gun manufacturing stocks tend to rise after such incidences as legislators call for more gun control.

"History would suggest the more awful and tragic the event,...and as the rhetoric of gun control rises, the stock goes up," Wedbush Securities analyst James Hardiman told

Armed with an assault rifle and a pistol, Matten attacked the nightclub, calling 911 while inside in order to declare his allegiance to the Islamic State, the New York Times reports. The terrorist organization has claimed responsibility for several attacks around the world, including the November 2015 attacks in Paris and the March 2016 attack in Brussels.

Separately, TheStreet Ratings has set a "buy" rating and a score of B+ on Sturm, Ruger & Co. stock. This is driven by a number of strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.

The company's strengths can be seen in multiple areas, such as its 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. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.

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: RGR