Ballantyne Strong (NYSEAMERICAN:BTN) Shares Cross Above 200 Day Moving Average of $0.00

Ballantyne Strong Inc (NYSEAMERICAN:BTN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.70. Ballantyne Strong shares last traded at $2.65, with a volume of 46,404 shares trading hands.

Ballantyne Strong (NYSEAMERICAN:BTN) last posted its earnings results on Tuesday, November 12th. The consumer goods maker reported ($0.12) EPS for the quarter. The company had revenue of $16.85 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of BTN. SG Capital Management LLC acquired a new stake in Ballantyne Strong during the third quarter valued at $302,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in Ballantyne Strong during the third quarter valued at $680,000. Finally, Renaissance Technologies LLC grew its position in Ballantyne Strong by 4.0% during the second quarter. Renaissance Technologies LLC now owns 588,903 shares of the consumer goods maker’s stock valued at $1,902,000 after buying an additional 22,774 shares during the period.

Ballantyne Strong Company Profile (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Cinema, Convergent, and Strong Outdoor. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment.

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