Byrna Technologies (NASDAQ:BYRN) Earns Buy Rating from Roth Mkm

Byrna Technologies (NASDAQ:BYRN)‘s stock had its “buy” rating restated by investment analysts at Roth Mkm in a research note issued to investors on Thursday,Benzinga reports. They presently have a $33.00 price target on the stock. Roth Mkm’s target price would suggest a potential upside of 77.42% from the company’s previous close.

Byrna Technologies Price Performance

Shares of BYRN opened at $18.60 on Thursday. The business has a 50-day moving average of $27.11 and a 200-day moving average of $22.06. The company has a market capitalization of $421.23 million, a price-to-earnings ratio of 34.41 and a beta of 1.64. Byrna Technologies has a 1 year low of $7.79 and a 1 year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. As a group, sell-side analysts anticipate that Byrna Technologies will post 0.28 EPS for the current year.

Insider Buying and Selling at Byrna Technologies

In other news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now owns 212,055 shares of the company’s stock, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Luan Pham sold 33,483 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the transaction, the insider now owns 19,148 shares in the company, valued at $578,078.12. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

Institutional Trading of Byrna Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Byrna Technologies in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Byrna Technologies in the 4th quarter valued at $29,000. Global Retirement Partners LLC bought a new stake in Byrna Technologies during the 4th quarter valued at $30,000. NCP Inc. acquired a new position in Byrna Technologies during the fourth quarter worth $37,000. Finally, Quest Partners LLC acquired a new position in shares of Byrna Technologies during the third quarter valued at about $46,000. 25.46% of the stock is owned by institutional investors.

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.