Site icon The Truth About Guns

Ruger Stops Taking New Orders

Previous Post
Next Post

[HTML1]

“Shares of firearm specialist Sturm, Ruger & Co. (NYS: RGR) surged as much as 10.6% Thursday after it posted solid first-quarter bookings,” dailyfinance.com reports. It’s a 52-week high for a stock that’s risen by 115% over the last year. Today’s surge isn’t much of a surprise given that the gunmaker has been making guns as fast as it can. In fact, Ruger can’t make them fast enough. Literally. “Demand for its firearms has been so strong — Sturm Ruger received orders for more than 1 million units in the first quarter — that management is being forced to temporarily suspend the acceptance of new orders . . . Management said it will report quarterly results May 1 and that it expects to resume the normal acceptance of orders by the end of May.” dailyfinance.com reckons Ruger’s share price has maxed-out. For now. Freedom Group IPO anyone? Don’t look at me . . .

Previous Post
Next Post
Exit mobile version