Ballantyne Strong (NYSEAMERICAN:BTN) Shares Gap Up to $1.43

Shares of Ballantyne Strong Inc (NYSEAMERICAN:BTN) gapped up prior to trading on Thursday . The stock had previously closed at $0.94, but opened at $1.43. Ballantyne Strong shares last traded at $1.43, with a volume of 20,500 shares trading hands.

Ballantyne Strong (NYSEAMERICAN:BTN) last announced its quarterly earnings results on Thursday, March 12th. The consumer goods maker reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $17.13 million during the quarter.

An institutional investor recently raised its position in Ballantyne Strong stock. Renaissance Technologies LLC grew its holdings in shares of Ballantyne Strong Inc (NYSEAMERICAN:BTN) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 619,003 shares of the consumer goods maker’s stock after buying an additional 7,800 shares during the period. Renaissance Technologies LLC owned 4.26% of Ballantyne Strong worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

Ballantyne Strong Company Profile (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Cinema, Convergent, and Strong Outdoor. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment.

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