Byrna Technologies' (BYRN) Buy Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Byrna Technologies (NASDAQ:BYRN - Free Report) in a research note published on Monday morning, Benzinga reports. B. Riley currently has a $17.00 price objective on the stock, up from their prior price objective of $14.00.

Separately, TheStreet upgraded Byrna Technologies from a d+ rating to a c- rating in a research report on Thursday, March 7th.

Byrna Technologies Stock Performance

BYRN traded up $1.76 during trading on Monday, reaching $14.97. 748,742 shares of the company traded hands, compared to its average volume of 199,242. Byrna Technologies has a 12-month low of $2.19 and a 12-month high of $15.24. The firm has a fifty day simple moving average of $11.65 and a 200 day simple moving average of $7.37. The company has a market cap of $340.36 million, a P/E ratio of -53.46 and a beta of 1.69.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.04. The firm had revenue of $15.64 million during the quarter, compared to the consensus estimate of $15.59 million. Byrna Technologies had a negative return on equity of 13.18% and a negative net margin of 11.83%. As a group, sell-side analysts expect that Byrna Technologies will post -0.09 earnings per share for the current fiscal year.

Insider Transactions at Byrna Technologies

In other news, insider Herbert Hughes sold 5,229 shares of Byrna Technologies stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total transaction of $62,904.87. Following the completion of the sale, the insider now directly owns 137,416 shares in the company, valued at $1,653,114.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.44% of the company's stock.

Institutional Trading of Byrna Technologies

Several institutional investors and hedge funds have recently made changes to their positions in BYRN. Spartan Fund Management Inc. purchased a new position in shares of Byrna Technologies during the fourth quarter valued at $32,000. Barclays PLC purchased a new position in shares of Byrna Technologies during the first quarter valued at $46,000. Bank of America Corp DE increased its stake in shares of Byrna Technologies by 17,573.5% during the first quarter. Bank of America Corp DE now owns 6,009 shares of the company's stock valued at $46,000 after buying an additional 5,975 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Byrna Technologies during the first quarter valued at $48,000. Finally, Virtu Financial LLC purchased a new position in shares of Byrna Technologies during the fourth quarter valued at $66,000. 25.46% of the stock is currently owned by institutional investors.

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.