Byrna Technologies (NASDAQ:BYRN) Posts Quarterly Earnings Results

Byrna Technologies (NASDAQ:BYRN - Get Free Report) announced its earnings results on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12, Zacks reports. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%.

Byrna Technologies Stock Down 5.4 %

Byrna Technologies stock traded down $1.86 during mid-day trading on Tuesday, reaching $32.33. 833,509 shares of the company's stock were exchanged, compared to its average volume of 524,263. The business's fifty day simple moving average is $27.42 and its 200 day simple moving average is $19.22. The firm has a market capitalization of $735.83 million, a PE ratio of 359.26 and a beta of 1.65. Byrna Technologies has a one year low of $7.79 and a one year high of $34.78.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a "buy" rating and set a $20.00 target price on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $17.75.

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.