Lisa Wager Sells 8,333 Shares of Byrna Technologies Inc. (NASDAQ:BYRN) Stock

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Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) insider Lisa Wager sold 8,333 shares of Byrna Technologies stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $11.21, for a total value of $93,412.93. Following the completion of the transaction, the insider now owns 257,887 shares of the company's stock, valued at $2,890,913.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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Byrna Technologies Trading Down 2.4 %

5 aerospace and defense stocks under $5

BYRN stock traded down $0.28 during midday trading on Tuesday, hitting $11.17. The company's stock had a trading volume of 193,794 shares, compared to its average volume of 210,194. The company has a market cap of $253.96 million, a PE ratio of -39.89 and a beta of 1.75. Byrna Technologies Inc. has a 12 month low of $2.19 and a 12 month high of $15.34. The firm's 50-day moving average is $13.29 and its 200-day moving average is $9.49.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Friday, April 5th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.12. The firm had revenue of $16.65 million for the quarter, compared to analysts' expectations of $16.65 million. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. Analysts expect that Byrna Technologies Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BYRN shares. LADENBURG THALM/SH SH boosted their target price on Byrna Technologies from $12.75 to $16.25 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. TheStreet raised Byrna Technologies from a "d+" rating to a "c-" rating in a research note on Thursday, March 7th. Finally, B. Riley reaffirmed a "buy" rating and set a $17.00 price target (up previously from $14.00) on shares of Byrna Technologies in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Byrna Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

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Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently bought and sold shares of BYRN. Spartan Fund Management Inc. purchased a new stake in Byrna Technologies in the 4th quarter worth $32,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Byrna Technologies by 55.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company's stock valued at $127,000 after purchasing an additional 20,138 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Byrna Technologies by 33.3% during the third quarter. Federated Hermes Inc. now owns 160,000 shares of the company's stock valued at $358,000 after purchasing an additional 40,000 shares in the last quarter. Raymond James & Associates grew its position in shares of Byrna Technologies by 286.4% during the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company's stock valued at $815,000 after purchasing an additional 94,575 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Byrna Technologies by 48.2% during the fourth quarter. M&T Bank Corp now owns 166,042 shares of the company's stock valued at $1,062,000 after purchasing an additional 54,028 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company's stock.

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.

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