Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Sells 6,500 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Herbert Hughes sold 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.08, for a total value of $98,020.00. Following the sale, the chairman now directly owns 122,089 shares of the company’s stock, valued at $1,841,102.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Byrna Technologies Stock Down 5.0 %

NASDAQ BYRN opened at $14.35 on Friday. The firm’s 50 day moving average is $10.36 and its 200-day moving average is $11.66. The company has a market capitalization of $326.85 million, a PE ratio of -102.50 and a beta of 1.67. Byrna Technologies Inc. has a 12-month low of $2.19 and a 12-month high of $15.49.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The firm had revenue of $20.27 million for the quarter, compared to analyst estimates of $20.29 million. As a group, sell-side analysts expect that Byrna Technologies Inc. will post 0.05 EPS for the current year.

Institutional Trading of Byrna Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after purchasing an additional 14,755 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Byrna Technologies by 48.2% in the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after buying an additional 54,028 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of Byrna Technologies in the fourth quarter valued at $32,000. Hamilton Wealth LLC acquired a new position in Byrna Technologies during the first quarter worth $146,000. Finally, Wealthspire Advisors LLC raised its position in Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BYRN. Roth Mkm started coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price target for the company. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Byrna Technologies Company Profile

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.