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Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.45.

Smith & Wesson Holding Corp (NASDAQ:SWHC) traded down 0.84% during mid-day trading on Thursday, hitting $11.22. The stock had a trading volume of 1,251,396 shares. Smith & Wesson Holding Corp has a one year low of $10.25 and a one year high of $17.28. The stock has a 50-day moving average of $13.07 and a 200-day moving average of $14.18. The company has a market cap of $599.6 million and a P/E ratio of 8.44. Smith & Wesson Holding Corp also was the recipient of unusually large options trading on Wednesday. Traders acquired 5,079 put options on the stock. This is an increase of 856% compared to the typical volume of 531 put options.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last released its earnings data on Tuesday, August 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $131.90 million for the quarter, compared to the consensus estimate of $133.93 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp will post $0.96 EPS for the current fiscal year.

A number of research firms have recently commented on SWHC. Analysts at Cowen and Company cut their price target on shares of Smith & Wesson Holding Corp from $20.50 to $16.00 in a research note on Wednesday. Separately, analysts at KeyCorp reiterated an “underweight” rating on shares of Smith & Wesson Holding Corp in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $11.00. Finally, analysts at Dougherty & Co downgraded shares of Smith & Wesson Holding Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.50 price target on the stock.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.

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