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Byrna Technologies (NASDAQ:BYRN) Trading Up 7.8% - Should You Buy?

Byrna Technologies logo with Business Services background

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) traded up 7.8% on Thursday . The stock traded as high as $28.81 and last traded at $28.56. 310,020 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 412,532 shares. The stock had previously closed at $26.49.

Analyst Ratings Changes

Separately, Roth Mkm restated a "buy" rating and set a $20.00 price objective on shares of Byrna Technologies in a 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 company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $17.75.

Check Out Our Latest Research Report on Byrna Technologies

Byrna Technologies Stock Performance

The stock has a 50 day moving average of $27.42 and a 200-day moving average of $19.22. The company has a market cap of $778.16 million, a PE ratio of 379.93 and a beta of 1.65.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. Equities research analysts forecast that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Institutional Trading of Byrna Technologies

Several institutional investors have recently bought and sold shares of BYRN. Global Retirement Partners LLC purchased a new position in shares of Byrna Technologies during the 4th quarter valued at approximately $30,000. nVerses Capital LLC acquired a new stake in Byrna Technologies in the 3rd quarter worth about $34,000. NCP Inc. purchased a new stake in Byrna Technologies during the 4th quarter worth approximately $37,000. Quest Partners LLC acquired a new position in shares of Byrna Technologies during the third quarter valued at approximately $46,000. Finally, SG Americas Securities LLC purchased a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $134,000. 25.46% of the stock is owned by institutional investors and hedge funds.

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.

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