Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report)'s stock price dropped 8.1% during trading on Wednesday . The stock traded as low as $42.22 and last traded at $42.26. Approximately 78,117 shares were traded during trading, an increase of 87% from the average daily volume of 41,801 shares. The stock had previously closed at $46.00.
Analysts Set New Price Targets
Separately, Lake Street Capital boosted their target price 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.
Get Our Latest Research Report on Bk Technologies
Bk Technologies Stock Performance
The stock's 50-day moving average is $46.07. The firm has a market capitalization of $155.09 million, a price-to-earnings ratio of 16.38 and a beta of 0.32.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. increased its holdings in shares of Bk Technologies by 40.1% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company's stock worth $4,245,000 after purchasing an additional 30,998 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Bk Technologies during the 4th quarter valued at about $891,000. Marshall Wace LLP purchased a new stake in shares of Bk Technologies during the 4th quarter valued at about $890,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Bk Technologies in the fourth quarter worth approximately $863,000. Finally, Ritholtz Wealth Management increased its holdings in Bk Technologies by 68.4% during the first quarter. Ritholtz Wealth Management now owns 23,973 shares of the company's stock valued at $940,000 after buying an additional 9,741 shares during the last quarter. 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).
Further Reading
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