Byrna Technologies (NASDAQ:BYRN) Trading 3.8% Higher - Should You Buy?

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) shares rose 3.8% during mid-day trading on Thursday . The company traded as high as $30.81 and last traded at $30.71. Approximately 92,971 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 506,933 shares. The stock had previously closed at $29.58.

Analysts Set New Price Targets

A number of brokerages have commented on BYRN. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. B. Riley restated a "buy" rating and issued a $39.00 price objective (up from $38.00) on shares of Byrna Technologies in a research note on Friday, June 6th. Finally, Roth Mkm reiterated a "buy" rating and set a $33.00 target price on shares of Byrna Technologies in a research report on Thursday, March 20th.

Byrna Technologies Stock Down 3.1%

The firm has a market cap of $693.61 million, a PE ratio of 56.19 and a beta of 2.11. The firm's fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $24.48.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released 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 return on equity of 15.39% and a net margin of 14.92%. The firm had revenue of $26.19 million during the quarter, compared to analysts' expectations of $23.26 million. As a group, analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Emily Rooney acquired 2,500 shares of Byrna Technologies stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $20.50 per share, with a total value of $51,250.00. Following the purchase, the director now directly owns 37,564 shares in the company, valued at $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 available through this hyperlink. 11.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Byrna Technologies

Several large investors have recently bought and sold shares of BYRN. Quarry LP bought a new position in Byrna Technologies during the fourth quarter valued at $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at about $29,000. Global Retirement Partners LLC bought a new position in shares of Byrna Technologies in the 4th quarter valued at about $30,000. AlphaQuest LLC lifted its holdings in shares of Byrna Technologies by 1,772.2% in the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock valued at $31,000 after acquiring an additional 1,719 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Byrna Technologies in the first quarter worth about $32,000. Institutional investors 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.