Byrna Technologies (NASDAQ:BYRN) Sets New 52-Week High – Here’s Why

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.58 and last traded at $32.42, with a volume of 203638 shares changing hands. The stock had previously closed at $31.14.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $20.00 price target on shares of Byrna Technologies in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $17.75.

Byrna Technologies Stock Down 11.9 %

The stock has a market capitalization of $615.43 million, a price-to-earnings ratio of 300.48 and a beta of 1.67. The company’s fifty day simple moving average is $26.33 and its 200 day simple moving average is $18.32.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in shares of Byrna Technologies during the fourth quarter worth approximately $30,000. nVerses Capital LLC bought a new position in Byrna Technologies during the 3rd quarter worth $34,000. Quest Partners LLC acquired a new stake in shares of Byrna Technologies during the third quarter worth $46,000. Algert Global LLC bought a new stake in shares of Byrna Technologies in the second quarter valued at about $131,000. Finally, SG Americas Securities LLC acquired a new position in shares of Byrna Technologies in the fourth quarter valued at about $134,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

About Byrna Technologies

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.