Byrna Technologies (NASDAQ:BYRN) Shares Gap Up - Here's What Happened

Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $26.57, but opened at $28.84. Byrna Technologies shares last traded at $31.66, with a volume of 437,981 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a "buy" rating and issued a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th.

Byrna Technologies Stock Performance

The business's 50-day simple moving average is $21.97 and its 200 day simple moving average is $24.14. The firm has a market cap of $736.54 million, a P/E ratio of 60.18 and a beta of 2.11.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, equities research analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, Director Emily Rooney bought 2,500 shares of the company's stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average price of $20.50 per share, with a total value of $51,250.00. Following the completion of the acquisition, the director now directly owns 37,564 shares of the company's stock, valued at $770,062. This represents a 7.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.08% of the stock is currently owned by company insiders.

Institutional Trading of Byrna Technologies

Large investors have recently made changes to their positions in the company. Quarry LP purchased a new position in Byrna Technologies in the fourth quarter worth $25,000. Russell Investments Group Ltd. acquired a new position in shares of Byrna Technologies in the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in shares of Byrna Technologies in the 4th quarter worth approximately $30,000. NCP Inc. acquired a new stake in shares of Byrna Technologies during the 4th quarter worth approximately $37,000. Finally, AlphaQuest LLC increased its stake in shares of Byrna Technologies by 1,772.2% in the first quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock valued at $31,000 after purchasing an additional 1,719 shares during the period. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

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