Byrna Technologies (NASDAQ:BYRN) Issues Earnings Results, Beats Expectations By $0.12 EPS

Byrna Technologies (NASDAQ:BYRN) posted its earnings results on Friday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12, Zacks reports. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%.

Byrna Technologies Price Performance

BYRN stock traded up $1.65 during midday trading on Friday, reaching $29.15. The company had a trading volume of 982,824 shares, compared to its average volume of 463,521. Byrna Technologies has a 1 year low of $7.79 and a 1 year high of $32.58. The company has a market capitalization of $663.45 million, a P/E ratio of 324.70 and a beta of 1.65. The firm has a 50-day moving average price of $26.90 and a 200-day moving average price of $18.78.

Wall Street Analyst Weigh In

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

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.