Byrna Technologies (NASDAQ:BYRN) Stock Price Down 5.3% - Should You Sell?

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report)'s share price traded down 5.3% during trading on Tuesday . The stock traded as low as $31.87 and last traded at $32.36. 119,069 shares were traded during trading, a decline of 76% from the average session volume of 495,710 shares. The stock had previously closed at $34.19.

Analyst Ratings Changes

Separately, 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $17.75.

Byrna Technologies Stock Performance

The stock has a market cap of $746.53 million, a price-to-earnings ratio of 364.48 and a beta of 1.65. The company's 50 day simple moving average is $28.21 and its 200 day simple moving average is $19.55.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. Sell-side analysts predict that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds have recently made changes to their positions in BYRN. Quarry LP purchased a new position in shares of Byrna Technologies in the fourth quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of Byrna Technologies in the fourth quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of Byrna Technologies in the fourth quarter worth approximately $30,000. nVerses Capital LLC purchased a new position in shares of Byrna Technologies in the third quarter worth approximately $34,000. Finally, NCP Inc. purchased a new position in shares of Byrna Technologies in the fourth quarter worth approximately $37,000. 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.