Byrna Technologies (NASDAQ:BYRN - Get Free Report) was upgraded by analysts at LADENBURG THALM/SH SH to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
Other equities analysts have also recently issued reports about the stock. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. B. Riley restated a "buy" rating and set a $46.00 price objective (up from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Craig Hallum started coverage on Byrna Technologies in a research report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 target price on the stock. Finally, Roth Capital lifted their price target on Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $38.75.
Read Our Latest Research Report on Byrna Technologies
Byrna Technologies Stock Performance
Byrna Technologies stock opened at $22.25 on Wednesday. The stock has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $22.91. The stock has a market capitalization of $505.08 million, a P/E ratio of 35.89 and a beta of 2.05. Byrna Technologies has a 52 week low of $13.10 and a 52 week high of $34.78.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%.The company had revenue of $28.51 million during the quarter, compared to analysts' expectations of $28.47 million. Research analysts forecast that Byrna Technologies will post 0.28 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Invesco Ltd. acquired a new position in Byrna Technologies in the second quarter valued at about $13,079,000. Millennium Management LLC increased its holdings in Byrna Technologies by 247.9% in the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company's stock valued at $5,501,000 after buying an additional 232,770 shares during the period. Nuveen LLC bought a new position in Byrna Technologies in the 1st quarter valued at about $3,890,000. Driehaus Capital Management LLC boosted its position in shares of Byrna Technologies by 39.3% during the 1st quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company's stock worth $7,575,000 after acquiring an additional 126,894 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Byrna Technologies during the 2nd quarter worth approximately $3,452,000. 25.46% of the stock is owned by institutional investors.
Byrna Technologies Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Byrna Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Byrna Technologies wasn't on the list.
While Byrna Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
