Byrna Technologies Inc. (BYRN) – What Are Investment Firms Saying About This Stock?

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.62.

Several research firms have commented on BYRN. Zacks Research raised shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. B. Riley Financial lowered their price objective on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 12th. Craig Hallum reaffirmed a “hold” rating and issued a $3.50 price objective on shares of Byrna Technologies in a research note on Friday, October 9th. Finally, Wall Street Zen raised shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th.

Insiders Place Their Bets

In other Byrna Technologies news, Director Adam L. Roth purchased 10,000 shares of the stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of $4.77 per share, with a total value of $47,700.00. Following the completion of the purchase, the director directly owned 19,379 shares of the company’s stock, valued at approximately $92,437.83. This trade represents a 106.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MGO One Seven LLC increased its holdings in shares of Byrna Technologies by 18.9% in the third quarter. MGO One Seven LLC now owns 16,867 shares of the company’s stock worth $55,000 after buying an additional 2,684 shares during the period. Byrne Asset Management LLC boosted its holdings in Byrna Technologies by 107.0% during the 3rd quarter. Byrne Asset Management LLC now owns 22,600 shares of the company’s stock valued at $79,000 after acquiring an additional 11,680 shares during the period. Bank of New York Mellon Corp purchased a new stake in Byrna Technologies during the 2nd quarter valued at about $86,000. Corient Private Wealth LP bought a new position in Byrna Technologies during the 2nd quarter worth approximately $95,000. Finally, Engineers Gate Manager LP bought a new position in Byrna Technologies during the 2nd quarter worth approximately $106,000. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Trading Up 0.2%

Shares of Byrna Technologies stock opened at $4.17 on Friday. The firm has a market capitalization of $97.60 million, a PE ratio of -10.42 and a beta of 1.81. Byrna Technologies has a 12 month low of $3.16 and a 12 month high of $20.69. The business’s 50-day moving average price is $4.05 and its 200-day moving average price is $6.53.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $15.30 million during the quarter, compared to the consensus estimate of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. As a group, analysts predict that Byrna Technologies will post -0.65 earnings per share for the current fiscal year.

About Byrna Technologies

Byrna Technologies Inc. is a developer and manufacturer of non-lethal personal security products. The company’s product portfolio is centered on compact, CO2-powered launchers designed to provide an alternative to traditional firearms for personal protection, home security and professional use. Byrna offers launchers, projectiles and related accessories, including chemical-irritant, kinetic and training ammunition. Its products are marketed through direct-to-consumer and wholesale channels and are intended for consumers, private security personnel, law enforcement agencies and other professional users.