Byrna Technologies (NASDAQ:BYRN) Releases Quarterly Earnings Results

Byrna Technologies (NASDAQ:BYRN) announced its quarterly earnings data on Thursday. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03, FiscalAI reports. 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 5.85% and a negative net margin of 3.39%.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $4.05 on Thursday. The firm has a market cap of $94.81 million, a PE ratio of -22.50 and a beta of 1.70. The firm’s 50 day moving average price is $3.84 and its two-hundred day moving average price is $5.28. Byrna Technologies has a twelve month low of $3.16 and a twelve month high of $30.62.

Insider Activity at Byrna Technologies

In other news, Director Leonard J. Elmore acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $4.64 per share, for a total transaction of $46,400.00. Following the completion of the acquisition, the director owned 60,811 shares in the company, valued at approximately $282,163.04. The trade was a 19.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman TJ Kennedy acquired 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of $3.53 per share, with a total value of $102,370.00. Following the completion of the acquisition, the chairman owned 29,000 shares of the company’s stock, valued at $102,370. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 71,258 shares of company stock worth $261,855. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BYRN has been the topic of a number of analyst reports. Roth Capital cut Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, July 10th. Zacks Research raised shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, B. Riley Financial reduced their target price on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

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.