Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report)'s share price dropped 8.1% on Wednesday . The company traded as low as $42.22 and last traded at $42.26. Approximately 78,117 shares changed hands during trading, an increase of 87% from the average daily volume of 41,801 shares. The stock had previously closed at $46.00.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital upped their price objective on Bk Technologies from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th.
Check Out Our Latest Research Report on BKTI
Bk Technologies Trading Down 4.7%
The company has a fifty day moving average price of $46.05. The company has a market capitalization of $149.68 million, a PE ratio of 15.81 and a beta of 0.32.
Institutional Trading of Bk Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in BKTI. Bank of America Corp DE grew its stake in Bk Technologies by 3,882.6% in the fourth quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after purchasing an additional 893 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Bk Technologies by 30.6% during the fourth 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 during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Bk Technologies by 2,988.0% during the fourth 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 during the last quarter. Barclays PLC bought a new stake in shares of Bk Technologies during the fourth quarter valued at approximately $60,000. Finally, Mariner LLC raised its holdings in shares of Bk Technologies by 33.3% during the fourth quarter. Mariner LLC now owns 12,945 shares of the company's stock valued at $444,000 after buying an additional 3,234 shares during the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.
About Bk Technologies
(
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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