(NBC NEWS) – Gun maker Smith & Wesson posted a weak forecast. The firearms company’s stock was off by 12 percent in pre-market trading Friday.
This may indicate that the booming gun industry is finally leveling off after years of high sales.
Recent years have seen an increased demand in guns and ammunition, fueled by gun enthusiasts’ fears of increased federal gun control laws.
However, the news isn’t all bad for Smith and Wesson. The company says its handgun sales are up, and according to industry analysts, one popular model is flying off the shelves.
Smith and Wesson says its projected net sales for the 2015 fiscal year will be in the 6-hundred million range