Byrna Technologies (NASDAQ:BYRN) Trading 3.7% Higher – What’s Next?

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price was up 3.7% during trading on Thursday . The stock traded as high as $30.00 and last traded at $29.89. Approximately 31,722 shares traded hands during trading, a decline of 91% from the average daily volume of 345,314 shares. The stock had previously closed at $28.82.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and set a $20.00 price objective on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Stock Down 3.5 %

The stock has a 50-day moving average of $20.37 and a 200 day moving average of $15.06. The stock has a market cap of $684.11 million, a PE ratio of 334.04 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. On average, equities analysts anticipate that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling at Byrna Technologies

In other news, CFO Laurilee Kearnes acquired 2,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price of $14.04 per share, with a total value of $28,080.00. Following the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Several large investors have recently made changes to their positions in the company. FMR LLC increased its holdings in Byrna Technologies by 47.9% in the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after buying an additional 548,670 shares in the last quarter. Millennium Management LLC raised its holdings in Byrna Technologies by 53.5% in the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after purchasing an additional 112,262 shares during the period. State Street Corp boosted its position in Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after purchasing an additional 84,723 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Byrna Technologies in the second quarter valued at approximately $2,693,000. Finally, Bank of New York Mellon Corp increased its position in shares of Byrna Technologies by 68.8% in the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after buying an additional 59,738 shares in the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

About Byrna Technologies

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.