Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) rose 10.9% during mid-day trading on Thursday . The company traded as high as $29.72 and last traded at $29.21. Approximately 136,291 shares traded hands during trading, a decline of 60% from the average daily volume of 341,181 shares. The stock had previously closed at $26.35.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on BYRN. Roth Mkm restated a "buy" rating and issued a $20.00 price target on shares of Byrna Technologies in a research note on Wednesday, October 30th. Roth Capital upgraded shares of Byrna Technologies to a "strong-buy" rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Byrna Technologies presently has an average rating of "Buy" and a consensus price target of $17.75.
View Our Latest Report on BYRN
Byrna Technologies Stock Performance
The firm has a market cap of $647.47 million, a price-to-earnings ratio of 316.15 and a beta of 1.80. The business has a fifty day moving average of $18.36 and a two-hundred day moving average of $14.19.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. On average, equities research analysts forecast that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.
Insider Buying and Selling at Byrna Technologies
In related news, CFO Laurilee Kearnes acquired 2,000 shares of Byrna Technologies stock in a transaction dated Thursday, October 10th. The shares were acquired at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares of the company's stock, valued at $35,100. The trade was a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bryan Ganz sold 2,478 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total value of $45,743.88. Following the sale, the chief executive officer now directly owns 398,059 shares in the company, valued at approximately $7,348,169.14. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,974 shares of company stock worth $141,429. 11.08% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC raised its position in shares of Byrna Technologies by 1.3% in the third quarter. Walleye Capital LLC now owns 52,379 shares of the company's stock valued at $889,000 after buying an additional 665 shares during the last quarter. nVerses Capital LLC acquired a new position in Byrna Technologies in the 3rd quarter valued at $34,000. Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 2,021 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Byrna Technologies during the 3rd quarter worth $46,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Byrna Technologies by 17.5% during 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 currently owned by hedge funds and other institutional investors.
Byrna Technologies Company Profile
(
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.
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