Byrna Technologies (NASDAQ:BYRN) Stock Price Up 7.8% – What’s Next?

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) were up 7.8% during mid-day trading on Thursday . The stock traded as high as $28.81 and last traded at $28.56. 310,020 shares were traded during trading, a decline of 25% from the average session volume of 412,532 shares. The stock had previously closed at $26.49.

Wall Street Analyst Weigh In

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

Byrna Technologies Price Performance

The stock has a market cap of $674.61 million, a P/E ratio of 329.37 and a beta of 1.65. The firm’s 50 day moving average price is $27.11 and its 200-day moving average price is $18.92.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. On average, analysts expect that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.

Institutional Trading of Byrna Technologies

A number of large investors have recently made changes to their positions in BYRN. Global Retirement Partners LLC purchased a new position in Byrna Technologies in the fourth quarter worth about $30,000. NCP Inc. bought a new stake in shares of Byrna Technologies during the 4th quarter valued at $37,000. nVerses Capital LLC purchased a new position in shares of Byrna Technologies during the 3rd quarter valued at $34,000. Quest Partners LLC bought a new position in Byrna Technologies in the 3rd quarter worth $46,000. Finally, SG Americas Securities LLC bought a new stake in Byrna Technologies during the fourth quarter valued at about $134,000. 25.46% of the stock is currently owned by institutional investors.

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.