Shares of Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) were up 9.2% during trading on Tuesday . The stock traded as high as $25.94 and last traded at $26.05. Approximately 186,999 shares changed hands during trading, a decline of 62% from the average daily volume of 490,854 shares. The stock had previously closed at $23.85.
Wall Street Analyst Weigh In
Separately, Roth Mkm restated a "buy" rating and set a $33.00 price target on shares of Byrna Technologies in a report on Thursday, March 20th.
Read Our Latest Stock Report on BYRN
Byrna Technologies Price Performance
The firm has a market capitalization of $599.77 million, a price-to-earnings ratio of 49.00 and a beta of 2.18. The firm's fifty day moving average is $21.23 and its 200 day moving average is $23.96.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. Equities research analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Emily Rooney acquired 2,500 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $20.50 per share, for a total transaction of $51,250.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.08% of the company's stock.
Hedge Funds Weigh In On Byrna Technologies
A number of large investors have recently modified their holdings of the stock. Capital Research Global Investors bought a new stake in shares of Byrna Technologies during the fourth quarter worth approximately $47,203,000. Driehaus Capital Management LLC acquired a new position in Byrna Technologies during the fourth quarter worth $9,304,000. Invesco Ltd. boosted its holdings in Byrna Technologies by 72.4% during the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company's stock worth $20,099,000 after purchasing an additional 293,049 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Byrna Technologies by 1,039.5% in the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock valued at $7,670,000 after acquiring an additional 242,875 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company's stock worth $5,501,000 after buying an additional 232,770 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.
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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