Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $27.50, but opened at $29.25. Byrna Technologies shares last traded at $31.33, with a volume of 442,206 shares traded.
The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%.
Analyst Upgrades and Downgrades
Separately, Roth Mkm reiterated 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $17.75.
Check Out Our Latest Research Report on BYRN
Hedge Funds Weigh In On Byrna Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in shares of Byrna Technologies during the fourth quarter worth about $1,249,000. Sound View Wealth Advisors Group LLC grew its holdings in shares of Byrna Technologies by 0.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 106,735 shares of the company's stock worth $3,075,000 after buying an additional 355 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Byrna Technologies during the fourth quarter worth about $2,741,000. Cornerstone Investment Partners LLC purchased a new stake in Byrna Technologies in the 4th quarter valued at approximately $285,000. Finally, NCP Inc. purchased a new stake in Byrna Technologies in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 25.46% of the company's stock.
Byrna Technologies Trading Down 6.2 %
The stock has a fifty day simple moving average of $27.42 and a two-hundred day simple moving average of $19.22. The company has a market cap of $729.69 million, a PE ratio of 356.76 and a beta of 1.65.
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.
Further Reading
Before you consider Byrna Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Byrna Technologies wasn't on the list.
While Byrna Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
