Byrna Technologies (NASDAQ:BYRN) Stock Price Down 3.3% – What’s Next?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price fell 3.3% on Monday . The company traded as low as $29.02 and last traded at $29.02. 33,978 shares traded hands during trading, a decline of 88% from the average session volume of 278,187 shares. The stock had previously closed at $30.01.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Trading Up 1.7 %

The business has a fifty day moving average of $22.24 and a 200-day moving average of $16.00. The firm has a market cap of $625.62 million, a PE ratio of 305.48 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. On average, equities analysts forecast that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Laurilee Kearnes acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.08% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of BYRN. FMR LLC raised its holdings in shares of Byrna Technologies by 47.9% during the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after buying an additional 548,670 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Byrna Technologies by 145.1% in the second quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock worth $760,000 after buying an additional 45,118 shares during the period. Barclays PLC lifted its stake in shares of Byrna Technologies by 321.5% in the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after acquiring an additional 18,855 shares during the last quarter. XTX Topco Ltd purchased a new stake in Byrna Technologies during the 2nd quarter valued at about $408,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after purchasing an additional 2,021 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.