Shares of Sturm Ruger & Co. (RGR) were up as high as 14 percent Thursday afternoon after CEO Michael Fifer announced the company was temporarily suspending its acceptance of new orders in an effort to meet a dramatic surge in demand for its products.
"Despite the company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders," Fifer said in the statement late Wednesday.
Ruger received more than a million order requests in the first quarter of 2012.
"I think it’s evidence that no one believes that the ‘stand your ground’ law is flawed or had a role in precipitating this tragedy," said Michael Hammond, legislative counsel for Gun Owners of America. "Government by lynch mob hasn’t worked particularly well in this country when it’s been employed, and I don’t think it’s going to work now."
Martin’s killing, which took place in Florida, has sparked controversy over the state’s so-called "stand your ground" law allowing individuals to use lethal force, rather than flee, in threatening situations.
Published under: 2nd Amendment