Byrna Technologies (NASDAQ:BYRN) Announces Earnings Results, Misses Expectations By $0.05 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05), FiscalAI reports. The business had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.

Byrna Technologies Price Performance

Shares of BYRN opened at $9.20 on Thursday. The firm has a market cap of $208.75 million, a PE ratio of 23.00 and a beta of 2.46. The stock’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $16.31. Byrna Technologies has a 1 year low of $8.75 and a 1 year high of $34.30.

Wall Street Analyst Weigh In

A number of analysts recently commented on BYRN shares. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. B. Riley Financial lowered their target price on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Craig Hallum restated a “buy” rating and issued a $18.00 target price on shares of Byrna Technologies in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $29.67.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds have recently made changes to their positions in BYRN. Royal Bank of Canada grew its position in shares of Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock valued at $393,000 after purchasing an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC grew its position in shares of Byrna Technologies by 247.9% in the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Byrna Technologies in the first quarter valued at $173,000. Finally, Strs Ohio purchased a new position in shares of Byrna Technologies in the first quarter valued at $113,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

About Byrna Technologies

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.