Byrna Technologies Inc. (NASDAQ:BYRN) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.1250.

Several research firms recently weighed in on BYRN. Roth Mkm reduced their price objective on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Craig Hallum lowered Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a research note on Friday, April 10th. New Street Research set a $7.50 price objective on Byrna Technologies in a research note on Friday, April 10th. Finally, Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th.

Byrna Technologies Stock Performance

BYRN opened at $4.96 on Friday. The firm has a market cap of $112.54 million, a P/E ratio of 13.78 and a beta of 1.81. Byrna Technologies has a 52-week low of $4.84 and a 52-week high of $34.30. The business’s fifty day moving average is $7.75 and its 200-day moving average is $13.43.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $29.05 million for the quarter, compared to analyst estimates of $30.21 million. Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.During the same period last year, the company posted $0.07 earnings per share. On average, research analysts predict that Byrna Technologies will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Byrna Technologies

Large investors have recently bought and sold shares of the business. GatePass Capital LLC acquired a new stake in Byrna Technologies in the third quarter valued at about $1,309,000. AIGH Capital Management LLC bought a new position in Byrna Technologies in the fourth quarter valued at about $6,630,000. Pinnacle Associates Ltd. bought a new position in Byrna Technologies in the third quarter valued at about $1,937,000. Militia Capital Partners LP bought a new position in Byrna Technologies in the third quarter valued at about $2,083,000. Finally, Byrne Asset Management LLC raised its position in Byrna Technologies by 196.2% in the fourth quarter. Byrne Asset Management LLC now owns 6,300 shares of the company’s stock valued at $106,000 after purchasing an additional 4,173 shares during the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

About Byrna Technologies

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.