Shares of Clarus Corporation (NASDAQ:CLAR) traded today at $18.10, eclipsing its 52-week high. Approximately 311,000 shares have changed hands today, as compared to an average 30-day volume of 132,000 shares.
Clarus Corp engages in design, manufacture, and marketing of outdoor equipment, and apparel for climbing, mountaineering, backpacking, skiing; and other outdoor recreation activities. The company’s products are principally sold under the Black Diamond, Sierra and PIEPS names through specialty and online retailers, distributors and original equipment manufacturers throughout the U.S. and internationally. The operating segments of the company are Black Diamond, which is the core revenue generator, and Sierra. Black Diamond segment offers products including high performance activity-based apparel; rock-climbing footwear and equipment; technical backpacks and high-end day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skincare and other sport-enhancing products.
Clarus Corporation share prices have moved between a 52-week high of $18.10 and a 52-week low of $7.88 and are now trading 129% above that low price at $18.06 per share.
Potential upside of 68.9% exists for Clarus Corporation, based on a current level of $18.06 and analysts’ average consensus price target of $30.50.
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