Byrna Technologies (NASDAQ:BYRN) Hits New 12-Month High – Time to Buy?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $31.50 and last traded at $30.82, with a volume of 193785 shares changing hands. The stock had previously closed at $29.40.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.75.

Byrna Technologies Price Performance

The firm’s 50 day moving average is $24.40 and its 200 day moving average is $17.15. The company has a market capitalization of $692.68 million, a PE ratio of 339.32 and a beta of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Byrna Technologies in the 3rd quarter worth approximately $34,000. Quest Partners LLC bought a new stake in Byrna Technologies in the third quarter valued at $46,000. SG Americas Securities LLC purchased a new position in Byrna Technologies during the 4th quarter valued at $134,000. MetLife Investment Management LLC increased its position in Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after purchasing an additional 6,061 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new position in Byrna Technologies in the 4th quarter worth $353,000. 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.