Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) had its target price raised by investment analysts at Lake Street Capital from $55.00 to $74.00 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. Lake Street Capital's target price would indicate a potential upside of 13.36% from the stock's current price.
Bk Technologies Stock Up 5.3%
NYSEAMERICAN BKTI opened at $65.28 on Friday. The business's 50 day simple moving average is $44.64. Bk Technologies has a one year low of $16.66 and a one year high of $66.24. The firm has a market capitalization of $239.58 million, a PE ratio of 21.26 and a beta of 0.34.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Bk Technologies during the 2nd quarter valued at $25,000. BNP Paribas Financial Markets purchased a new position in shares of Bk Technologies in the 2nd quarter worth about $25,000. Raymond James Financial Inc. purchased a new position in shares of Bk Technologies in the 2nd quarter worth about $32,000. Bank of America Corp DE boosted its holdings in shares of Bk Technologies by 3,882.6% in the 4th quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after purchasing an additional 893 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Bk Technologies during the 2nd quarter valued at about $70,000. Hedge funds and other institutional investors own 55.05% of the company's stock.
Bk Technologies Company Profile
(
Get Free Report)
BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).
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