Byrna Technologies Inc. (NASDAQ:BYRN) Receives Consensus Rating of “Buy” from Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.6667.

Several equities analysts recently issued reports on BYRN shares. Zacks Research lowered Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. B. Riley Financial reduced their price target on shares of Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Craig Hallum restated a “buy” rating and issued a $18.00 price objective on shares of Byrna Technologies in a report on Tuesday, March 10th.

Institutional Trading of Byrna Technologies

A number of large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its holdings in Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after purchasing an additional 672 shares during the period. Comerica Bank purchased a new stake in Byrna Technologies during the 4th quarter worth about $40,000. AlphaQuest LLC raised its position in Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock valued at $41,000 after purchasing an additional 1,771 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after buying an additional 1,811 shares during the period. Finally, Byrne Asset Management LLC purchased a new position in shares of Byrna Technologies in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $9.18 on Friday. The company has a market capitalization of $208.11 million, a PE ratio of 22.95 and a beta of 2.30. Byrna Technologies has a fifty-two week low of $8.75 and a fifty-two week high of $34.30. The firm has a 50 day moving average price of $12.15 and a 200 day moving average price of $16.76.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.The company had revenue of $35.25 million for the quarter, compared to analysts’ expectations of $34.92 million. As a group, equities research analysts forecast that Byrna Technologies will post 0.28 earnings per share for the current year.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO?-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.