Byrna Technologies (NASDAQ:BYRN) Stock Price Down 4.8% – Here’s What Happened

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price was down 4.8% on Tuesday . The stock traded as low as $24.33 and last traded at $24.39. Approximately 279,399 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 488,045 shares. The stock had previously closed at $25.61.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and issued a $33.00 target price on shares of Byrna Technologies in a research note on Thursday, March 20th.

Byrna Technologies Stock Performance

The stock has a 50-day moving average price of $20.16 and a two-hundred day moving average price of $23.51. The stock has a market capitalization of $564.41 million, a P/E ratio of 46.11 and a beta of 2.18.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. Equities analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Byrna Technologies

In other news, insider Lisa Wager sold 12,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Emily Rooney bought 2,500 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average price of $20.50 per share, with a total value of $51,250.00. Following the purchase, the director now directly owns 37,564 shares in the company, valued at $770,062. The trade was a 7.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in Byrna Technologies in the first quarter valued at approximately $173,000. Millennium Management LLC boosted its stake in shares of Byrna Technologies by 247.9% in the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Byrna Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after acquiring an additional 468 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Byrna Technologies by 67.7% in the first quarter. Advisors Asset Management Inc. now owns 52,499 shares of the company’s stock valued at $884,000 after buying an additional 21,199 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Byrna Technologies in the 1st quarter valued at about $537,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.