Byrna Technologies (NASDAQ:BYRN) Given Buy Rating at Roth Mkm

Byrna Technologies (NASDAQ:BYRN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Roth Mkm in a report issued on Thursday,Benzinga reports. They presently have a $33.00 price objective on the stock. Roth Mkm's price target would suggest a potential upside of 74.88% from the stock's current price.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN traded up $0.66 during mid-day trading on Thursday, hitting $18.87. The stock had a trading volume of 458,419 shares, compared to its average volume of 440,592. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $34.78. The company has a market cap of $427.35 million, a PE ratio of 34.95 and a beta of 1.64. The company's 50 day moving average is $26.61 and its 200-day moving average is $22.24.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, equities research analysts predict that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Insider Activity

In related news, insider Lisa Wager sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luan Pham sold 33,483 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares of the company's stock, valued at approximately $578,078.12. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is owned by corporate insiders.

Remove Ads

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of BYRN. Quarry LP purchased a new stake in shares of Byrna Technologies during the 4th quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in Byrna Technologies during the fourth quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new position in Byrna Technologies during the fourth quarter valued at approximately $30,000. NCP Inc. acquired a new stake in Byrna Technologies in the fourth quarter valued at approximately $37,000. Finally, Quest Partners LLC bought a new stake in Byrna Technologies in the third quarter worth approximately $46,000. Institutional investors and hedge funds own 25.46% of the company's stock.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.