Byrna Technologies (NASDAQ:BYRN) Stock Price Down 3.3% – Time to Sell?

Byrna Technologies Inc. (NASDAQ:BYRN) fell 3.3% on Monday . The company traded as low as $29.02 and last traded at $29.02. 33,978 shares changed hands during trading, a decline of 88% from the average session volume of 278,187 shares. The stock had previously closed at $30.01.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and set a $20.00 price objective on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Byrna Technologies has an average rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Stock Performance

The business’s 50-day moving average price is $21.75 and its 200 day moving average price is $15.76. The company has a market cap of $627.67 million, a P/E ratio of 306.48 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. Equities research analysts forecast that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Byrna Technologies

In related news, CFO Laurilee Kearnes bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the purchase, the chief financial officer now directly owns 2,500 shares in the company, valued at $35,100. The trade was a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its holdings in Byrna Technologies by 47.9% during the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after buying an additional 548,670 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Byrna Technologies by 145.1% during the second quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock worth $760,000 after buying an additional 45,118 shares during the last quarter. Barclays PLC increased its holdings in Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after buying an additional 18,855 shares during the last quarter. XTX Topco Ltd purchased a new stake in Byrna Technologies during the second quarter worth about $408,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after purchasing an additional 2,021 shares during the period. 25.46% of the stock is 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.