Revenue Update on Sturm Ruger & Company(NYSE:RGR)

Sturm Ruger & Company(NYSE:RGR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $1.1.

Sturm Ruger & Company (RGR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.03% or 1 points. Due to strong positive momentum, the stock ended at $50.3, which is also near the day’s high of $50.325. The stock began the session at $49.3 and the volume stood at 3,81,432 shares. The 52-week high of the shares is $78.09 and the 52 week low is $47.15. The company has a current market capitalization of $941 M and it has 1,87,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 12, 2016, Thomas Patrick Sullivan (VP of Newport Operations) sold 5,000 shares at $52.00 per share price.Also, On Nov 8, 2016, Phillip Widman (director) sold 4,049 shares at $65.29 per share price.On Feb 29, 2016, Kevin B. Sr Reid (VP & General Counsel) sold 6,000 shares at $68.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Sturm Ruger & Company Inc. is engaged in the design manufacture and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles pistols revolvers and shotguns principally to a number of federally-licensed independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles pistols shotguns and revolvers. The Company’s firearms are sold through independent wholesale distributors principally to the commercial sporting market.

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