BK Technologies (NYSEAMERICAN:BKTI - Get Free Report) had its price objective hoisted by analysts at Lake Street Capital from $40.00 to $51.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Lake Street Capital's price target points to a potential upside of 24.09% from the company's current price.
BK Technologies Trading Down 4.6 %
NYSEAMERICAN:BKTI traded down $1.97 during midday trading on Monday, reaching $41.10. The stock had a trading volume of 19,820 shares, compared to its average volume of 35,167. The firm has a market capitalization of $146.32 million, a PE ratio of 30.00 and a beta of 1.22. BK Technologies has a 1-year low of $11.67 and a 1-year high of $48.43.
Hedge Funds Weigh In On BK Technologies
A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of BK Technologies by 52.7% in the third quarter. Geode Capital Management LLC now owns 30,224 shares of the company's stock valued at $658,000 after acquiring an additional 10,431 shares during the last quarter. JPMorgan Chase & Co. raised its position in BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock valued at $98,000 after purchasing an additional 4,504 shares during the last quarter. Ritholtz Wealth Management acquired a new position in BK Technologies in the fourth quarter worth $488,000. IFP Advisors Inc bought a new stake in shares of BK Technologies during the fourth quarter worth $99,000. Finally, American Century Companies Inc. acquired a new stake in shares of BK Technologies in the fourth quarter valued at $306,000. Institutional investors and hedge funds own 55.05% of the company's stock.
BK Technologies Company Profile
(
Get Free Report)
BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BK Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BK Technologies wasn't on the list.
While BK Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
