|Bid||0.00 x 2900|
|Ask||0.00 x 4000|
|Day's Range||10.82 - 11.84|
|52 Week Range||5.41 - 26.69|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 17, 2020 - Jun 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.00|
What happened Shares of Smith & Wesson Brands (NASDAQ: SWBI) gained 8% on Monday and traded up more than 10% mid-day, following another strong month for the background checks needed to buy a firearm. So what The Federal Bureau of Investigation reported Monday that July checks performed by its National Instant Criminal Background Check System (NICS) rose 123% year over year, following a June 136% gain.
Smith & Wesson Brands (NASDAQ: SWBI) is about to become a pure-play gunmaker stock again after it announced it will spin off its outdoor gear and accessories business on Aug. 24. The gunsmith had been known as American Outdoor Brands for the past few years until management decided these are really two disparate businesses. While Smith & Wesson had been slowly building up its outdoor products business following the acquisition of Battenfeld Technologies in 2014, it accelerated its presence in the space two years later by also buying knife maker Taylor Brands and laser maker Crimson Trace.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), one of the world's leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly traded company. Upon consummation of the spin-off, the two companies will consist of: