Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report) fell 8.1% on Wednesday . The stock traded as low as $42.22 and last traded at $42.26. 78,117 shares were traded during mid-day trading, an increase of 87% from the average session volume of 41,801 shares. The stock had previously closed at $46.00.
Analyst Ratings Changes
Separately, Lake Street Capital increased their price objective on shares of Bk Technologies from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th.
View Our Latest Report on Bk Technologies
Bk Technologies Stock Performance
The stock has a market cap of $150.32 million, a PE ratio of 15.88 and a beta of 0.32. The business's 50 day moving average price is $45.92.
Institutional Investors Weigh In On Bk Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Bk Technologies by 3,882.6% during the 4th quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after purchasing an additional 893 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Bk Technologies by 30.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company's stock valued at $202,000 after buying an additional 1,380 shares in the last quarter. Lazard Asset Management LLC grew its stake in Bk Technologies by 2,988.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,544 shares of the company's stock valued at $52,000 after buying an additional 1,494 shares in the last quarter. Barclays PLC purchased a new position in Bk Technologies in the 4th quarter valued at approximately $60,000. Finally, Mariner LLC grew its stake in Bk Technologies by 33.3% in the 4th quarter. Mariner LLC now owns 12,945 shares of the company's stock valued at $444,000 after buying an additional 3,234 shares in the last quarter. Hedge funds and other institutional investors own 55.05% of the company's stock.
Bk Technologies Company Profile
(
Get Free Report)
BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).
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