BK Technologies (BKTI) Projected to Post Earnings on Wednesday

BK Technologies (NYSEAMERICAN:BKTI) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect BK Technologies to post earnings of $0.35 per share and revenue of $16.80 million for the quarter.

BK Technologies Stock Performance

Shares of BKTI opened at $27.00 on Tuesday. The stock has a market cap of $96.12 million, a PE ratio of 19.71 and a beta of 1.22. BK Technologies has a 1 year low of $11.15 and a 1 year high of $38.70.

Institutional Trading of BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bank of America Corp DE grew its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 916 shares of the company’s stock after purchasing an additional 893 shares during the quarter. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 55.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital initiated coverage on shares of BK Technologies in a research report on Friday, February 14th. They set a “buy” rating and a $40.00 price target on the stock.

About BK Technologies

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).