Benzinga | Aug 6, 2020 03:00PM EDT

Why Vista Outdoor's Stock Is Trading Higher Today

Vista Outdoor (NYSE:VSTO) shares are trading higher on Thursday after the company reported first-quarter EPS up from last year and better-than-expected sales results. The company also issued second-quarter sales estimates above analyst estimates.

Vista Outdoor designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. The company organizes itself into two segments: shooting sports and outdoor products. Shooting sports, which contributes the largest proportion of company revenue, includes ammunition, long guns, and related equipment under brands such as Federal Premium, Blackhawk, and Hoppe's.

Outdoor products include archery and hunting accessories, eyewear, golf products, hydration products, and stand-up paddle boards under brands including CamelBak and Bushnell. The company derives the vast majority of revenue domestically.

Vista Outdoor shares were trading up 14.80% at $20.49 time of publication on Thursday. The stock has a 52-week high of $22.29 and a 52-week low of $4.29.