Byrna Technologies (NASDAQ:BYRN) Issues Earnings Results, Beats Estimates By $0.12 EPS

Byrna Technologies (NASDAQ:BYRN) posted its quarterly earnings results on Friday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12, Zacks reports. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%.

Byrna Technologies Stock Up 7.8 %

Shares of Byrna Technologies stock opened at $29.64 on Friday. The firm has a market cap of $674.61 million, a PE ratio of 329.37 and a beta of 1.65. The company’s fifty day simple moving average is $27.11 and its two-hundred day simple moving average is $18.92. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $32.58.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.75.

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.