Byrna Technologies (NASDAQ:BYRN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Byrna Technologies (NASDAQ:BYRN) from a strong sell rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

A number of other analysts have also commented on the company. Craig Hallum reissued a “hold” rating and set a $3.50 price objective on shares of Byrna Technologies in a report on Friday. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a report on Friday, July 10th. B. Riley Financial cut their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Zacks Research upgraded Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.62.

Byrna Technologies Trading Up 0.7%

BYRN opened at $4.55 on Friday. Byrna Technologies has a 1-year low of $3.16 and a 1-year high of $27.77. The company has a market cap of $106.52 million, a price-to-earnings ratio of -11.37 and a beta of 1.70. The company’s fifty day moving average price is $3.84 and its two-hundred day moving average price is $5.18.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, October 8th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. Byrna Technologies had a negative net margin of 9.20% and a negative return on equity of 14.46%. The company had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. As a group, equities analysts forecast that Byrna Technologies will post -0.63 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Chris Reed acquired 8,150 shares of Byrna Technologies stock in a transaction on Friday, July 24th. The stock was acquired at an average cost of $3.63 per share, with a total value of $29,584.50. Following the transaction, the director owned 61,720 shares of the company’s stock, valued at approximately $224,043.60. This trade represents a 15.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Conn Q. Davis acquired 18,768 shares of Byrna Technologies stock in a transaction on Wednesday, July 22nd. The stock was purchased at an average cost of $3.46 per share, with a total value of $64,937.28. Following the completion of the transaction, the chief executive officer directly owned 18,768 shares in the company, valued at $64,937.28. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 71,258 shares of company stock valued at $261,855 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds have recently modified their holdings of the company. Byrne Asset Management LLC boosted its position in Byrna Technologies by 107.0% in the third quarter. Byrne Asset Management LLC now owns 22,600 shares of the company’s stock worth $79,000 after purchasing an additional 11,680 shares during the last quarter. Engineers Gate Manager LP bought a new position in Byrna Technologies in the 2nd quarter valued at $106,000. Squarepoint Ops LLC increased its position in shares of Byrna Technologies by 9.0% during the 2nd quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock valued at $347,000 after purchasing an additional 4,254 shares during the last quarter. Corient Private Wealth LP purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $95,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $86,000. Institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.