Byrna Technologies (NASDAQ:BYRN) Reaches New 1-Year High – Here’s What Happened

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company 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.

Analysts Set New Price Targets

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

Byrna Technologies Trading Down 11.9 %

The stock’s 50 day moving average is $26.33 and its two-hundred day moving average is $18.32. The stock has a market capitalization of $615.43 million, a price-to-earnings ratio of 300.48 and a beta of 1.67.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of BYRN. Global Retirement Partners LLC bought a new position in shares of Byrna Technologies during the 4th quarter worth approximately $30,000. nVerses Capital LLC acquired a new position in Byrna Technologies during the third quarter worth $34,000. Quest Partners LLC bought a new position in Byrna Technologies in the third quarter valued at $46,000. Algert Global LLC acquired a new stake in Byrna Technologies in the 2nd quarter valued at $131,000. Finally, SG Americas Securities LLC bought a new stake in Byrna Technologies during the 4th quarter worth about $134,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

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.