BK Technologies (NYSEAMERICAN:BKTI) Stock Price Up 0.2% – Here’s Why

BK Technologies Co. (NYSEAMERICAN:BKTI) shares traded up 0.2% on Friday . The company traded as high as $34.50 and last traded at $33.95. 22,665 shares were traded during trading, a decline of 22% from the average session volume of 29,052 shares. The stock had previously closed at $33.87.

BK Technologies Stock Performance

The stock has a market cap of $120.86 million, a PE ratio of 24.78 and a beta of 1.24.

Institutional Investors Weigh In On BK Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BKTI. Renaissance Technologies LLC lifted its position in BK Technologies by 52.5% during the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock worth $1,815,000 after purchasing an additional 48,838 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of BK Technologies by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock worth $692,000 after acquiring an additional 8,798 shares during the period. Bard Associates Inc. boosted its position in shares of BK Technologies by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after acquiring an additional 871 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of BK Technologies by 52.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock worth $658,000 after acquiring an additional 10,431 shares in the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.

BK Technologies Company Profile

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).