Byrna Technologies Inc. (NASDAQ:BYRN) Given Average Rating of “Buy” by Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has received a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.1250.

BYRN has been the topic of a number of research reports. Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. B. Riley Financial cut their price target on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research note on Friday, April 10th. Finally, New Street Research set a $7.50 price objective on shares of Byrna Technologies in a research report on Friday, April 10th.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $6.97 on Friday. The company has a market cap of $158.15 million, a PE ratio of 19.36 and a beta of 1.80. Byrna Technologies has a 12-month low of $4.84 and a 12-month high of $34.30. The stock has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $10.35.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Sell-side analysts forecast that Byrna Technologies will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of BYRN. State Street Corp grew its stake in Byrna Technologies by 5.8% in the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after purchasing an additional 54,555 shares in the last quarter. Millennium Management LLC grew its stake in shares of Byrna Technologies by 32.7% in the 4th quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after buying an additional 220,130 shares in the last quarter. UBS Group AG grew its stake in shares of Byrna Technologies by 35.8% in the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after buying an additional 137,260 shares in the last quarter. Geode Capital Management LLC increased its holdings in Byrna Technologies by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock worth $7,403,000 after buying an additional 1,126 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Byrna Technologies by 401.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after buying an additional 350,861 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

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.