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, 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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