Byrna Technologies (NASDAQ:BYRN) Shares Up 8.2% - Should You Buy?

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report)'s stock price shot up 8.2% on Friday . The company traded as high as $24.38 and last traded at $24.42. 81,282 shares were traded during mid-day trading, a decline of 83% from the average session volume of 480,947 shares. The stock had previously closed at $22.57.

Analyst Ratings Changes

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 Price Performance

The company has a market cap of $507.97 million, a PE ratio of 41.50 and a beta of 2.18. The business has a 50-day moving average of $19.82 and a 200 day moving average of $22.90.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The company had revenue of $26.19 million for the quarter, compared to analysts' expectations of $23.26 million. On average, equities analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Byrna Technologies

In related news, Director Emily Rooney acquired 2,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now directly owns 37,564 shares of the company's stock, valued at approximately $770,062. The trade was a 7.13 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Wager sold 12,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the sale, the insider now owns 212,055 shares of the company's stock, valued at $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BYRN. XTX Topco Ltd grew its stake in Byrna Technologies by 476.3% during the 1st quarter. XTX Topco Ltd now owns 47,154 shares of the company's stock worth $794,000 after purchasing an additional 38,972 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Byrna Technologies by 7,894.6% in the first quarter. Federated Hermes Inc. now owns 16,149 shares of the company's stock valued at $272,000 after buying an additional 15,947 shares during the last quarter. McCollum Christoferson Group LLC raised its stake in Byrna Technologies by 1.7% during the first quarter. McCollum Christoferson Group LLC now owns 95,925 shares of the company's stock worth $1,615,000 after purchasing an additional 1,605 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Byrna Technologies during the 1st quarter valued at $359,000. Finally, Alps Advisors Inc. acquired a new position in Byrna Technologies in the 1st quarter worth $313,000. 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.