Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Herbert Hughes Sells 6,500 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Herbert Hughes sold 6,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.08, for a total transaction of $98,020.00. Following the completion of the transaction, the chairman now owns 122,089 shares in the company, valued at $1,841,102.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Byrna Technologies Trading Down 5.0 %

Shares of BYRN stock traded down $0.75 during trading on Friday, reaching $14.35. 561,238 shares of the company’s stock traded hands, compared to its average volume of 240,809. The company has a market capitalization of $326.85 million, a P/E ratio of -102.50 and a beta of 1.67. The firm’s 50-day moving average is $10.36 and its 200 day moving average is $11.66. Byrna Technologies Inc. has a 1 year low of $2.19 and a 1 year high of $15.49.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The business had revenue of $20.27 million for the quarter, compared to analysts’ expectations of $20.29 million. As a group, sell-side analysts predict that Byrna Technologies Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Roth Mkm assumed coverage on shares of Byrna Technologies in a research note on Wednesday, August 28th. They issued a “buy” rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Byrna Technologies has an average rating of “Moderate Buy” and a consensus target price of $15.75.

Institutional Trading of Byrna Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Spartan Fund Management Inc. purchased a new stake in Byrna Technologies in the 4th quarter worth approximately $32,000. Hamilton Wealth LLC bought a new position in shares of Byrna Technologies in the 1st quarter worth $146,000. Algert Global LLC bought a new position in shares of Byrna Technologies in the 2nd quarter worth $131,000. Dimensional Fund Advisors LP increased its holdings in shares of Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after buying an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Byrna Technologies in the 2nd quarter worth $205,000. 25.46% of the stock is currently owned by hedge funds and other 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.