Byrna Technologies (NASDAQ:BYRN) Stock Rating Upgraded by Roth Capital

Byrna Technologies (NASDAQ:BYRN) was upgraded by equities research analysts at Roth Capital to a “strong-buy” rating in a report issued on Wednesday, Zacks.com reports.

Separately, Roth Mkm began coverage on Byrna Technologies in a research note on Wednesday. They issued a “buy” rating and a $14.00 price target for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.75.

Byrna Technologies Trading Up 2.3 %

BYRN stock opened at $11.48 on Wednesday. The firm has a market capitalization of $261.48 million, a PE ratio of -82.00 and a beta of 1.69. Byrna Technologies has a 1-year low of $2.19 and a 1-year high of $15.34. The business’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $11.56.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The business had revenue of $20.27 million for the quarter, compared to analyst estimates of $20.29 million. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. As a group, sell-side analysts predict that Byrna Technologies will post -0.02 EPS for the current fiscal year.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after buying an additional 2,976 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Byrna Technologies during the 4th quarter worth $32,000. Wealthspire Advisors LLC lifted its position in shares of Byrna Technologies by 1.8% during the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after buying an additional 10,000 shares during the last quarter. Hamilton Wealth LLC bought a new stake in shares of Byrna Technologies during the 1st quarter worth $146,000. Finally, Algert Global LLC bought a new stake in shares of Byrna Technologies during the 2nd quarter worth $131,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Company Profile

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.