Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report)'s share price was up 5.3% during trading on Wednesday . The company traded as high as $24.26 and last traded at $23.35. Approximately 296,507 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 540,524 shares. The stock had previously closed at $22.18.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on BYRN shares. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. Craig Hallum started coverage on Byrna Technologies in a research report on Wednesday. They set a "buy" rating and a $39.00 target price for the company. Roth Mkm restated a "buy" rating and set a $33.00 target price on shares of Byrna Technologies in a research report on Thursday, March 20th. Roth Capital restated a "buy" rating and set a $37.00 target price (up previously from $33.00) on shares of Byrna Technologies in a research report on Wednesday, July 9th. Finally, B. Riley restated a "buy" rating and set a $46.00 target price (up previously from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $38.75.
View Our Latest Report on Byrna Technologies
Byrna Technologies Stock Down 4.0%
The business has a fifty day moving average of $27.81 and a 200 day moving average of $25.47. The firm has a market cap of $499.03 million, a P/E ratio of 35.45 and a beta of 2.02.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $28.47 million. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%. On average, sell-side analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.
Insider Activity
In other Byrna Technologies news, Director Emily Rooney purchased 2,500 shares of the stock in a transaction on Tuesday, April 22nd. The stock was bought at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the acquisition, the director directly owned 37,564 shares of the company's stock, valued at $770,062. The trade was 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 at the SEC website. 9.75% of the stock is owned by company insiders.
Institutional Investors Weigh In On Byrna Technologies
Several large investors have recently modified their holdings of the business. Capital Research Global Investors bought a new stake in shares of Byrna Technologies in the fourth quarter worth about $47,203,000. Vanguard Group Inc. grew its holdings in shares of Byrna Technologies by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock worth $28,861,000 after buying an additional 73,954 shares in the last quarter. Invesco Ltd. boosted its position in Byrna Technologies by 72.4% during the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company's stock valued at $20,099,000 after purchasing an additional 293,049 shares during the last quarter. Driehaus Capital Management LLC boosted its position in Byrna Technologies by 39.3% during the first quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company's stock valued at $7,575,000 after purchasing an additional 126,894 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Byrna Technologies by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 396,616 shares of the company's stock valued at $11,430,000 after purchasing an additional 5,184 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors.
About Byrna Technologies
(
Get Free Report)
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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