Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.16 and last traded at $30.16, with a volume of 4145 shares trading hands. The stock had previously closed at $29.56.
Analyst Ratings Changes
Several brokerages recently commented on BYRN. Roth Capital raised shares of Byrna Technologies to a "strong-buy" rating in a report on Wednesday, August 28th. Roth Mkm reissued a "buy" rating and set a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.75.
Read Our Latest Analysis on BYRN
Byrna Technologies Stock Down 1.2 %
The company has a 50-day moving average of $18.96 and a 200 day moving average of $14.46. The stock has a market capitalization of $664.53 million, a PE ratio of 324.48 and a beta of 1.80.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. As a group, equities analysts predict that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.
Insider Buying and Selling at Byrna Technologies
In other Byrna Technologies news, CEO Bryan Ganz sold 2,478 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $18.46, for a total value of $45,743.88. Following the completion of the sale, the chief executive officer now directly owns 398,059 shares in the company, valued at $7,348,169.14. This represents a 0.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock in a transaction dated Thursday, October 10th. The shares were bought at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.08% of the stock is owned by insiders.
Hedge Funds Weigh In On Byrna Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Byrna Technologies during the 3rd quarter valued at approximately $34,000. Quest Partners LLC acquired a new stake in Byrna Technologies during the third quarter worth $46,000. Algert Global LLC acquired a new stake in Byrna Technologies during the second quarter worth $131,000. MetLife Investment Management LLC raised its position in Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company's stock valued at $183,000 after purchasing an additional 6,061 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company's stock valued at $200,000 after purchasing an additional 2,976 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.
About Byrna Technologies
(
Get Free Report)
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.
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