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Sturm Ruger & Co. (NYSE:RGR) was downgraded by equities researchers at CRT Capital from a “buy” rating to a “fair value” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $55.00 price target on the stock, down from their previous price target of $80.00. CRT Capital’s price objective indicates a potential upside of 7.78% from the stock’s previous close.

Sturm Ruger & Co. (NYSE:RGR) opened at 51.03 on Wednesday. Sturm Ruger & Co. has a one year low of $48.37 and a one year high of $85.93. The stock has a 50-day moving average of $54.1 and a 200-day moving average of $61.10. The company has a market cap of $990.8 million and a price-to-earnings ratio of 10.02.

Sturm Ruger & Co. (NYSE:RGR) last announced its earnings results on Wednesday, July 30th. The company reported $1.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.23 by $0.11. The company had revenue of $153.70 million for the quarter, compared to the consensus estimate of $168.73 million. During the same quarter last year, the company posted $1.63 earnings per share. Sturm Ruger & Co.’s revenue was down 14.4% compared to the same quarter last year. On average, analysts predict that Sturm Ruger & Co. will post $4.40 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, August 13th.

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.

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