Byrna Technologies (NASDAQ:BYRN) Trading Down 7.4% - What's Next?

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report)'s share price fell 7.4% during mid-day trading on Friday . The stock traded as low as $28.65 and last traded at $28.42. 151,415 shares changed hands during trading, a decline of 60% from the average session volume of 378,431 shares. The stock had previously closed at $30.69.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a "buy" rating and issued a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $17.75.

Byrna Technologies Trading Up 1.0 %

The firm's fifty day moving average price is $26.58 and its two-hundred day moving average price is $18.66. The stock has a market capitalization of $601.04 million, a PE ratio of 293.48 and a beta of 1.65.

Institutional Trading of Byrna Technologies

Several large investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Byrna Technologies by 47.9% during the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company's stock valued at $28,758,000 after acquiring an additional 548,670 shares during the last quarter. Barclays PLC boosted its holdings in Byrna Technologies by 321.5% in the 3rd quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after purchasing an additional 18,855 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company's stock valued at $865,000 after buying an additional 2,021 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Byrna Technologies by 86.6% during the 3rd quarter. GSA Capital Partners LLP now owns 59,608 shares of the company's stock worth $1,012,000 after buying an additional 27,662 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at approximately $786,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

About Byrna Technologies

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.