BK Technologies (BKTI) Projected to Post Quarterly Earnings on Monday

BK Technologies (NYSEAMERICAN:BKTI) is projected to post its quarterly earnings results before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $16.80 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

BK Technologies Stock Performance

NYSEAMERICAN BKTI opened at $31.88 on Friday. The firm has a market capitalization of $113.49 million, a P/E ratio of 23.27 and a beta of 1.22. BK Technologies has a 1 year low of $11.67 and a 1 year high of $38.70.

Institutional Investors Weigh In On BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bank of America Corp DE increased its position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 916 shares of the company’s stock after acquiring an additional 893 shares during the period. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 at the end of the most recent quarter. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital started coverage on BK Technologies in a report on Friday, February 14th. They set a “buy” rating and a $40.00 price target for the company.

About BK Technologies

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).