Byrna Technologies (NASDAQ:BYRN) Given “Buy” Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Byrna Technologies (NASDAQ:BYRN) in a research report report published on Thursday morning,Benzinga reports. Roth Mkm currently has a $33.00 price objective on the stock.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $19.03 on Thursday. Byrna Technologies has a 1 year low of $7.79 and a 1 year high of $34.78. The company has a market cap of $430.97 million, a P/E ratio of 35.24 and a beta of 1.64. The stock’s fifty day moving average price is $26.94 and its 200-day moving average price is $22.04.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. On average, sell-side analysts anticipate that Byrna Technologies will post 0.28 earnings per share for the current year.

Insider Buying and Selling at Byrna Technologies

In related news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the sale, the insider now directly owns 19,148 shares of the company’s stock, valued at approximately $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently modified their holdings of BYRN. Quarry LP purchased a new position in Byrna Technologies during the fourth quarter valued at $25,000. Russell Investments Group Ltd. bought a new position in shares of Byrna Technologies in the fourth quarter worth about $29,000. Global Retirement Partners LLC purchased a new position in shares of Byrna Technologies during the 4th quarter valued at about $30,000. NCP Inc. bought a new position in shares of Byrna Technologies during the 4th quarter valued at approximately $37,000. Finally, Quest Partners LLC purchased a new stake in Byrna Technologies in the 3rd quarter worth approximately $46,000. 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.