Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report) shot up 1.3% on Friday. The company traded as high as $77.21 and last traded at $75.97. Approximately 35,078 shares traded hands during trading, a decline of 18% from the average session volume of 42,912 shares. The stock had previously closed at $75.00.
Bk Technologies Stock Performance
The stock has a market capitalization of $286.41 million, a P/E ratio of 22.34 and a beta of 0.57. The business has a 50-day moving average price of $75.49 and a 200 day moving average price of $81.24.
Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.14. The firm had revenue of $23.41 million for the quarter, compared to analysts' expectations of $22.60 million. Bk Technologies had a return on equity of 34.22% and a net margin of 15.00%.Bk Technologies has set its FY 2026 guidance at 3.550- EPS.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. State of Wyoming increased its position in Bk Technologies by 288.0% during the first quarter. State of Wyoming now owns 1,773 shares of the company's stock valued at $132,000 after acquiring an additional 1,316 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Bk Technologies during the 2nd quarter valued at about $173,000. NewEdge Advisors LLC purchased a new stake in shares of Bk Technologies during the 2nd quarter valued at about $237,000. IFP Advisors Inc lifted its stake in shares of Bk Technologies by 97.0% in the 2nd quarter. IFP Advisors Inc now owns 3,126 shares of the company's stock worth $269,000 after purchasing an additional 1,539 shares during the period. Finally, Globeflex Capital L P purchased a new position in shares of Bk Technologies in the second quarter worth approximately $284,000. Hedge funds and other institutional investors own 55.05% of the company's stock.
Bk Technologies Company Profile
(
Get Free Report)
BK Technologies Corporation develops and supplies wireless communications equipment for public-safety and other specialized markets. Through its BK Technologies and BK Radio operations, the company provides land mobile radio products and systems designed for mission-critical voice communications.
Its product portfolio includes portable and mobile two-way radios, repeaters, base stations, dispatch and control equipment, accessories, and related communications solutions. The company's offerings are used by federal, state and local government agencies, including law enforcement, fire and emergency services, forestry organizations, and other public-sector and industrial customers.
BK Technologies serves customers primarily in the United States through direct sales, distributors, dealers, and government-focused channels.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bk 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 Bk Technologies wasn't on the list.
While Bk Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.