Byrna Technologies (NASDAQ:BYRN) Trading Up 8.2% - Still a Buy?

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

Analyst Ratings Changes

Separately, Roth Mkm reissued a "buy" rating and set a $33.00 target price on shares of Byrna Technologies in a research note on Thursday, March 20th.

Byrna Technologies Stock Performance

The business's 50 day moving average price is $19.99 and its 200-day moving average price is $22.92. The firm has a market capitalization of $506.38 million, a PE ratio of 41.37 and a beta of 2.18.

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, beating analysts' consensus estimates of $0.02 by $0.05. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. As a group, analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Byrna Technologies

In other Byrna Technologies news, Director Emily Rooney acquired 2,500 shares of the 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 purchase, the director now owns 37,564 shares in the company, valued at $770,062. This trade represents a 7.13 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luan Pham sold 33,483 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the transaction, the insider now owns 19,148 shares of the company's stock, valued at $578,078.12. This trade represents a 63.62 % decrease in their position. 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 and other institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its position in Byrna Technologies by 321.5% in the 3rd quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after purchasing an additional 18,855 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in shares of Byrna Technologies during the fourth quarter worth approximately $353,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Byrna Technologies in the fourth quarter valued at approximately $616,000. SG Americas Securities LLC purchased a new position in Byrna Technologies in the fourth quarter worth approximately $134,000. Finally, New York State Common Retirement Fund grew its holdings in Byrna Technologies by 2,200.0% during the 4th quarter. New York State Common Retirement Fund now owns 6,900 shares of the company's stock worth $199,000 after acquiring an additional 6,600 shares in the last quarter. 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.