Ballantyne Strong (NYSEAMERICAN:BTN) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Ballantyne Strong, Inc (NYSEAMERICAN:BTNGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $2.51. Ballantyne Strong shares last traded at $2.37, with a volume of 58,127 shares trading hands.

The stock has a market cap of $45.63 million, a PE ratio of 2.52 and a beta of 1.20.

Ballantyne Strong (NYSEAMERICAN:BTNGet Rating) last announced its quarterly earnings results on Thursday, March 24th. The consumer goods maker reported ($0.03) earnings per share for the quarter. Ballantyne Strong had a net margin of 72.56% and a return on equity of 0.84%. The company had revenue of $10.05 million during the quarter.

In related news, major shareholder Fundamental Global Gp, Llc purchased 19,582 shares of the stock in a transaction on Wednesday, June 15th. The shares were purchased at an average cost of $2.52 per share, for a total transaction of $49,346.64. Following the completion of the transaction, the insider now directly owns 4,051,416 shares of the company’s stock, valued at approximately $10,209,568.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Ballantyne Strong by 18.7% in the first quarter. State Street Corp now owns 32,123 shares of the consumer goods maker’s stock worth $99,000 after purchasing an additional 5,059 shares in the last quarter. Gator Capital Management LLC acquired a new position in Ballantyne Strong in the fourth quarter worth $33,000. Dimensional Fund Advisors LP boosted its stake in Ballantyne Strong by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 756,919 shares of the consumer goods maker’s stock worth $2,331,000 after purchasing an additional 12,149 shares in the last quarter. Finally, Shufro Rose & Co. LLC boosted its stake in Ballantyne Strong by 303.8% in the first quarter. Shufro Rose & Co. LLC now owns 60,563 shares of the consumer goods maker’s stock worth $187,000 after purchasing an additional 45,563 shares in the last quarter. 17.59% of the stock is currently owned by institutional investors.

Ballantyne Strong Company Profile (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc operates in the entertainment industry worldwide. The company manufactures and distributes projection screens and customized screen support systems directly, as well as through third-party distributors and integrators. It also distributes other products and provides technical support services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets.

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