Roth Capital Raises Byrna Technologies (NASDAQ:BYRN) Price Target to $37.00

Byrna Technologies (NASDAQ:BYRN - Get Free Report) had its target price raised by research analysts at Roth Capital from $33.00 to $37.00 in a research report issued to clients and investors on Wednesday, July 9th, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Roth Capital's target price would suggest a potential upside of 56.45% from the stock's current price.

A number of other brokerages have also issued reports on BYRN. B. Riley reissued a "buy" rating and issued a $39.00 price target (up from $38.00) on shares of Byrna Technologies in a research note on Friday, June 6th. Roth Mkm restated a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a report on Thursday, March 20th. Finally, Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Trading Up 0.5%

Shares of BYRN stock traded up $0.11 during mid-day trading on Wednesday, reaching $23.65. The stock had a trading volume of 536,100 shares, compared to its average volume of 906,126. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $34.78. The company has a market cap of $536.86 million, a P/E ratio of 62.24 and a beta of 2.02. The business has a 50-day simple moving average of $27.61 and a 200 day simple moving average of $25.14.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. The business had revenue of $28,505 billion for the quarter, compared to analyst estimates of $28.47 million. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%. Research analysts anticipate that Byrna Technologies will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Byrna Technologies by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company's stock worth $3,989,000 after acquiring an additional 2,899 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Byrna Technologies during the fourth quarter worth $2,741,000. HighTower Advisors LLC acquired a new stake in shares of Byrna Technologies during the fourth quarter worth $1,249,000. Vanguard Group Inc. raised its position in Byrna Technologies by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock valued at $28,861,000 after buying an additional 73,954 shares during the period. Finally, McCollum Christoferson Group LLC raised its position in Byrna Technologies by 116.7% during the fourth quarter. McCollum Christoferson Group LLC now owns 94,320 shares of the company's stock valued at $2,717,000 after buying an additional 50,800 shares during the period. Institutional investors and hedge funds own 25.46% of the company's stock.

Byrna Technologies Company Profile

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.