NEW YORK (TheStreet) -- Shares of Smith & Wesson  (SWHC) were declining in after-hours trading on Friday after the firearms manufacturer's proposal to replace the U.S. Army's M9 semi-automatic pistol wasn't selected, according to TheFly.

Smith & Wesson had hoped to sell the Army a new Modular Handgun System (MHS), though the MHS program was never included in the company's financial guidance.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.

Smith & Wesson's strengths include its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth.

You can view the full analysis from the report here: SWHC

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 article's author.