Byrna Technologies (NASDAQ:BYRN) Director Adam Roth Buys 10,000 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $4.77 per share, with a total value of $47,700.00. Following the completion of the transaction, the director directly owned 19,379 shares in the company, valued at $92,437.83. This trade represents a 106.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Byrna Technologies Stock Performance

Byrna Technologies stock traded up $0.06 during mid-day trading on Friday, reaching $4.84. 1,648,622 shares of the company were exchanged, compared to its average volume of 602,050. The firm’s 50-day simple moving average is $3.84 and its two-hundred day simple moving average is $5.09. Byrna Technologies Inc. has a twelve month low of $3.16 and a twelve month high of $22.47. The firm has a market cap of $113.30 million, a PE ratio of -12.10 and a beta of 1.70.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The business had revenue of $15.30 million for the quarter, compared to analyst estimates 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, equities research analysts anticipate that Byrna Technologies Inc. will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Byrna Technologies by 496.5% in the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after buying an additional 318,227 shares during the period. Emerald Advisers LLC boosted its position in shares of Byrna Technologies by 165.7% during the 1st quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock worth $3,972,000 after purchasing an additional 269,817 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Byrna Technologies by 184.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock worth $2,939,000 after purchasing an additional 207,781 shares in the last quarter. Connective Capital Management LLC purchased a new stake in shares of Byrna Technologies during the 4th quarter worth $650,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Byrna Technologies by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock worth $2,659,000 after purchasing an additional 25,188 shares during the period. 25.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BYRN shares. Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a research report on Friday, July 10th. B. Riley Financial cut their price objective on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $3.50 target price on shares of Byrna Technologies in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Byrna Technologies has an average rating of “Moderate Buy” and a consensus price target of $6.62.

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.