Byrna Technologies (NASDAQ:BYRN) Chairman Purchases 29,000 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Tj Kennedy purchased 29,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average cost of $3.53 per share, for a total transaction of $102,370.00. Following the completion of the transaction, the chairman directly owned 29,000 shares in the company, valued at approximately $102,370. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Byrna Technologies Trading Down 4.5%

Shares of NASDAQ BYRN traded down $0.18 during mid-day trading on Tuesday, hitting $3.94. The company had a trading volume of 1,717,531 shares, compared to its average volume of 621,319. The firm has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $8.84. The company has a market capitalization of $89.52 million, a PE ratio of -21.92 and a beta of 1.80. Byrna Technologies Inc. has a one year low of $3.16 and a one year high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The company had revenue of $16.39 million for the quarter, compared to the consensus estimate of $22.32 million. Sell-side analysts expect that Byrna Technologies Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Roth Capital downgraded Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, July 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday, April 10th. Finally, Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.88.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of Byrna Technologies by 228.0% during the 3rd quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after buying an additional 467,932 shares during the period. Invesco Ltd. bought a new stake in shares of Byrna Technologies during the second quarter worth approximately $13,079,000. AIGH Capital Management LLC bought a new stake in shares of Byrna Technologies during the fourth quarter worth approximately $6,630,000. Pinnacle Associates Ltd. increased its stake in shares of Byrna Technologies by 401.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after purchasing an additional 350,861 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Byrna Technologies by 496.5% in the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after purchasing an additional 318,227 shares during the period. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.