Byrna Technologies (NASDAQ:BYRN) Stock Price Up 3.7% - Should You Buy?

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) shares were up 3.7% on Thursday . The company traded as high as $30.00 and last traded at $29.89. Approximately 31,722 shares were traded during trading, a decline of 91% from the average daily volume of 345,314 shares. The stock had previously closed at $28.82.

Analyst Upgrades and Downgrades

BYRN has been the subject of several research reports. Roth Capital upgraded shares of Byrna Technologies to a "strong-buy" rating in a report on Wednesday, August 28th. 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 assigned a strong buy rating to the company. According to MarketBeat, Byrna Technologies presently has an average rating of "Buy" and a consensus target price of $17.75.

Byrna Technologies Price Performance

The firm has a market capitalization of $708.68 million, a price-to-earnings ratio of 346.04 and a beta of 1.80. The firm has a 50 day moving average price of $19.78 and a 200-day moving average price of $14.81.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million during 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%. Equities research analysts predict that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Laurilee Kearnes acquired 2,000 shares of the business's stock in a transaction 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 completion of the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.08% of the company's stock.

Institutional Investors Weigh In On Byrna Technologies

Large investors have recently modified their holdings of the company. FMR LLC boosted its stake in Byrna Technologies by 47.9% during 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. Divisadero Street Capital Management LP acquired a new stake in shares of Byrna Technologies during the second quarter worth about $2,693,000. Millennium Management LLC grew its holdings 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 worth $3,213,000 after buying an additional 112,262 shares during the last quarter. State Street Corp increased its position in Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company's stock valued at $5,334,000 after acquiring an additional 84,723 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Byrna Technologies during the 2nd quarter valued at approximately $786,000. 25.46% of the stock is owned by institutional investors and hedge funds.

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.