Smith & Wesson Holding (NASDAQ:SWHC) turns green and active as loss turns to profit

  on Dec 07,2012 Posted in Business News ,Finance
 
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) was one of active stocks in the after-hour trading on Thursday after reporting a fiscal second-quarter profit amid strengthening sales and margins. The company also lifted its annual forecast and gave positive third-quarter outlook. The company also announced that its board provided approval for up to $20 million buyback plan, as the company looks to boost shareholder value.

For the quarter ended Oct. 31, Smith & Wesson (SWHC) posted a net income of $21.2 million or 31 cents a share as compared to a year-earlier loss of $1.6 million or two cents a share. Profit from continuing operations advanced to 24 cents from a penny. Revenue rose 48% to $136.6 million, driven by sustained strong sales across all of the company’s firearm product lines.

During the recent trading activity Smith & Wesson Holding Corporation (NASDAQ:SWHC) held volume of 5.73 million shares with 65.50 million shares outstanding and 64.11 million shares floated in market. P/E ratio of the company was 16.69 and in the past twelve months company scored revenue of $456.26 million and had $43.03 million in earnings. The stock gave a gross margin of +33.48% whereas operating margin was +15.69%.

Smith & Wesson kicked off the trading session at $10.62 and during the session edged up 2.55% and finally settled at $10.85. Beta value, the measure of stock’s risk in relation to its market or alternative benchmark was 1.34.

The industrial goods sector firm’s top rivals include The Boeing Company (NYSE:BA) that surged 0.15% to $73.98 with the total traded volume of 3.89 million shares and Honeywell International Inc. (NYSE:HON) that dropped -0.08% to $61.52 with the total traded volume of 2.27 million shares.

SWHC is ahead of its 52 weeks low with 265.32% and lagging behind from its 52 weeks high price with -3.47%. SWHC’s last month’s stock price volatility remained 5.14%. The stock price of SWHC is moving forward from its 20 days moving average with +6.27% and remote positively from 50 days moving average with +7.21%.

 

 



 

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