Is a Breakdown in the Charts for Vista Outdoor? By StockNews
A level of support has formed in the chart of Vista Outdoor Inc . (NYSE: (NYSE:). The stock has crossed that mark several times. A breakdown can be expected if the level is not reached. Learn more about how you can take advantage of this trade. Vista Outdoor Inc. (VSTO), is a company that designs, develops and produces outdoor recreation and sports products. Its headquarters are in the United States. It is divided into two sections: Outdoor products and shooting sports. The company’s shooting sports include ammunition and long guns. Outdoor products are archery accessories and hunting tools.
Growth in both segments is a benefit to the company. Shooting sports saw a 39% increase year-over-year, while outdoor products experienced a 38% rise in their most recent quarter. Consumer trends continue to indicate a high demand for outdoor activities. The demand for ammunition does not seem to be slowing.
VSTO’s cash balance was $209 million at the end of last quarter, compared with no short-term debt. The return on equity is 41%, which makes the company highly efficient. Analysts expect sales to increase 24.4%, and earnings to grow 66.9%.
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