Price Target Update on Smith & Wesson Holding Corporation (NASDAQ:SWHC)

Smith & Wesson Holding Corporation (NASDAQ:SWHC) : The consensus price target for Smith & Wesson Holding Corporation (NASDAQ:SWHC) is $27.33 for the short term with a standard deviation of $4.8. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $34, however, the pessimist price target for the company is $19.

Other Equity analysts have also commented on the company shares. Cowen & Company upgrades their rating on the shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $28 per share from $29 per share. The rating by the firm was issued on June 17, 2016.

Smith & Wesson Holding Corporation (NASDAQ:SWHC): On Thursdays trading session , Opening price of the stock was $25.74 with an intraday high of $25.8299. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.11. However, the stock managed to close at $25.33, a loss of 0.59% for the day. On the previous day, the stock had closed at $25.48. The total traded volume of the day was 2,275,953 shares.

The company shares have rallied 52.48% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $23.02 and the 200 Day Moving Average price is recorded at $23.39. On the companys insider trading activities,The officer (See remarks.) of Smith & Wesson Holding Corp, Smith Mark Peter sold 3,876 shares at $22.35 on April 27, 2016. The Insider selling transaction had a total value worth of $86,629. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.

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