Byrna Technologies (NASDAQ:BYRN) Earns Buy Rating from Roth Mkm

Byrna Technologies (NASDAQ:BYRN)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a research note issued on Thursday,Benzinga reports. They presently have a $33.00 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 81.22% from the stock’s previous close.

Byrna Technologies Stock Down 4.3 %

Shares of NASDAQ:BYRN opened at $18.21 on Thursday. The company’s fifty day moving average is $26.77 and its two-hundred day moving average is $22.09. The company has a market cap of $412.40 million, a P/E ratio of 33.72 and a beta of 1.64. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $34.78.

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

Insider Buying and Selling at Byrna Technologies

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

Hedge Funds Weigh In On Byrna Technologies

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