Byrna Technologies (NASDAQ:BYRN) Trading Up 5.2% – Here’s What Happened

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) were up 5.2% during trading on Thursday . The stock traded as high as $29.76 and last traded at $29.01. Approximately 47,795 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 351,964 shares. The stock had previously closed at $27.58.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment 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 stock has a consensus rating of “Buy” and an average price target of $17.75.

Byrna Technologies Stock Up 4.7 %

The stock has a market cap of $657.20 million, a P/E ratio of 320.87 and a beta of 1.67. The business’s 50-day simple moving average is $23.68 and its two-hundred day simple moving average is $16.69.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Byrna Technologies by 47.9% during the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. Cubist Systematic Strategies LLC boosted its position 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 valued at $760,000 after acquiring an additional 45,118 shares during the period. Barclays PLC grew its stake in Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after acquiring an additional 18,855 shares in the last quarter. XTX Topco Ltd purchased a new position in Byrna Technologies during the second quarter valued at approximately $408,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after acquiring an additional 2,021 shares in the last quarter. 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.