Byrna Technologies Inc. (NASDAQ:BYRN) Given Consensus Rating of “Moderate Buy” by Analysts

Byrna Technologies Inc. (NASDAQ:BYRN) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.75.

A number of equities research analysts recently commented on BYRN shares. Roth Mkm began coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They set a “buy” rating and a $14.00 price target for the company. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th.

Byrna Technologies Trading Down 7.2 %

Shares of NASDAQ:BYRN opened at $10.75 on Wednesday. The stock has a market capitalization of $244.89 million, a P/E ratio of -76.79 and a beta of 1.67. The stock’s 50-day moving average price is $10.07 and its 200-day moving average price is $11.59. Byrna Technologies has a 12-month low of $2.19 and a 12-month high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The business had revenue of $20.27 million for the quarter, compared to analyst estimates of $20.29 million. As a group, research analysts predict that Byrna Technologies will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after purchasing an additional 14,755 shares during the period. Wealthspire Advisors LLC raised its holdings in Byrna Technologies by 1.8% in the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after purchasing an additional 10,000 shares in the last quarter. Millennium Management LLC lifted its position in Byrna Technologies by 53.5% during the second quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock valued at $3,213,000 after buying an additional 112,262 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of Byrna Technologies during the 2nd quarter valued at $2,693,000. Finally, M&T Bank Corp boosted its holdings in shares of Byrna Technologies by 48.2% during the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after buying an additional 54,028 shares in the last quarter. 25.46% of the stock is owned by hedge funds and other 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.