Bk Technologies (NYSEAMERICAN:BKTI) Announces Earnings Results

Bk Technologies (NYSEAMERICAN:BKTI) issued its earnings results on Thursday. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.96 by $0.31, FiscalAI reports. The firm had revenue of $24.41 million during the quarter, compared to the consensus estimate of $22.10 million. Bk Technologies had a return on equity of 37.71% and a net margin of 15.18%. Bk Technologies updated its FY 2025 guidance to 3.800-3.800 EPS.

Bk Technologies Stock Performance

NYSEAMERICAN:BKTI traded down $5.97 during midday trading on Friday, reaching $75.35. 80,556 shares of the stock traded hands, compared to its average volume of 50,955. The stock has a market capitalization of $281.06 million, a P/E ratio of 24.54 and a beta of 0.43. The company has a fifty day moving average of $73.73 and a 200 day moving average of $56.38. Bk Technologies has a 12 month low of $26.20 and a 12 month high of $86.24.

Insider Activity

In other news, insider Branko Avanic sold 2,031 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $68.89, for a total transaction of $139,915.59. Following the completion of the transaction, the insider directly owned 12,969 shares of the company’s stock, valued at approximately $893,434.41. This represents a 13.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.50% of the company’s stock.

Institutional Trading of Bk Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Bk Technologies by 3,882.6% during the 4th quarter. Bank of America Corp DE now owns 916 shares of the company’s stock worth $31,000 after acquiring an additional 893 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Bk Technologies during the first quarter valued at approximately $225,000. Jane Street Group LLC bought a new stake in shares of Bk Technologies during the first quarter valued at approximately $367,000. Geode Capital Management LLC grew its stake in Bk Technologies by 107.8% in the second quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock worth $2,984,000 after purchasing an additional 32,844 shares during the period. Finally, American Century Companies Inc. raised its holdings in Bk Technologies by 167.6% in the second quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock worth $1,610,000 after purchasing an additional 21,397 shares in the last quarter. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reaffirmed a “buy” rating on shares of Bk Technologies in a report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.00.

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).