Byrna Technologies (NASDAQ:BYRN) Shares Down 3.3% - Here's Why

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) was down 3.3% on Monday . The stock traded as low as $29.02 and last traded at $29.02. Approximately 33,978 shares changed hands during trading, a decline of 88% from the average daily volume of 278,187 shares. The stock had previously closed at $30.01.

Wall Street Analysts Forecast Growth

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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Byrna Technologies presently has an average rating of "Buy" and an average target price of $17.75.

Byrna Technologies Trading Down 8.0 %

The firm has a 50 day moving average price of $22.01 and a 200 day moving average price of $15.88. The stock has a market capitalization of $628.12 million, a PE ratio of 306.70 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $20.85 million for the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. On average, equities research analysts expect that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Insider Activity

In other Byrna Technologies news, CFO Laurilee Kearnes bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of $14.04 per share, with a total value of $28,080.00. Following the purchase, the chief financial officer now owns 2,500 shares of the company's stock, valued at $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.08% of the company's stock.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently added to or reduced their stakes in BYRN. nVerses Capital LLC purchased a new position in shares of Byrna Technologies in the third quarter worth $34,000. Quest Partners LLC purchased a new position in Byrna Technologies during the 3rd quarter valued at approximately $46,000. Algert Global LLC bought a new stake in Byrna Technologies in the 2nd quarter worth approximately $131,000. MetLife Investment Management LLC raised its holdings in shares of Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company's stock worth $183,000 after acquiring an additional 6,061 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company's stock worth $200,000 after purchasing an additional 2,976 shares during the last quarter. 25.46% of the stock is 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.