Byrna Technologies (NASDAQ:BYRN) Reaches New 1-Year High - Here's Why

Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $32.58 and last traded at $32.42, with a volume of 203638 shares changing hands. The stock had previously closed at $31.14.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a "buy" rating and set a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Byrna Technologies has an average rating of "Buy" and an average price target of $17.75.

Byrna Technologies Stock Down 3.3 %

The stock has a 50-day moving average of $26.46 and a 200 day moving average of $18.54. The company has a market capitalization of $595.17 million, a PE ratio of 290.59 and a beta of 1.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company's stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. Millennium Management LLC increased its stake in shares of Byrna Technologies by 53.5% during the second quarter. Millennium Management LLC now owns 321,915 shares of the company's stock valued at $3,213,000 after purchasing an additional 112,262 shares in the last quarter. State Street Corp raised its stake in Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company's stock valued at $5,334,000 after buying an additional 84,723 shares during the last quarter. Renaissance Technologies LLC bought a new position in Byrna Technologies in the 2nd quarter worth about $786,000. Finally, GSA Capital Partners LLP increased its position in shares of Byrna Technologies by 86.6% during the third quarter. GSA Capital Partners LLP now owns 59,608 shares of the company's stock valued at $1,012,000 after acquiring an additional 27,662 shares in the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

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.