Revelyst (NYSE:GEAR) Trading Up 4.5% – Time to Buy?

Revelyst, Inc. (NYSE:GEAR) was up 4.5% on Thursday . The company traded as high as $20.09 and last traded at $20.08. Approximately 10,733,324 shares traded hands during trading, an increase of 74% from the average daily volume of 6,167,762 shares. The stock had previously closed at $19.22.

Revelyst Price Performance

The stock has a 50 day simple moving average of $20.08 and a two-hundred day simple moving average of $19.99. The firm has a market cap of $1.17 billion, a PE ratio of -111.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

Hedge Funds Weigh In On Revelyst

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new position in shares of Revelyst in the 4th quarter valued at about $857,000. Tiptree Advisors LLC purchased a new position in shares of Revelyst in the 4th quarter valued at about $933,000. Toronto Dominion Bank purchased a new position in shares of Revelyst in the 4th quarter valued at about $5,961,000. Public Employees Retirement System of Ohio purchased a new position in shares of Revelyst in the 4th quarter valued at about $31,000. Finally, CSS LLC IL purchased a new position in shares of Revelyst in the 4th quarter valued at about $5,027,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Revelyst Company Profile

Vista Outdoor Inc is the parent company of renowned brands which design, manufacture and market sporting and outdoor products. The company’s operating segment includes Outdoor Products and Sporting Products. Its brand portfolio includes Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more.