Byrna Technologies (NASDAQ:BYRN) Cut to Strong Sell at Wall Street Zen

Byrna Technologies (NASDAQ:BYRN) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Sunday.

A number of other analysts have also recently commented on the company. 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 report on Friday, April 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. B. Riley Financial cut their price target on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday. New Street Research set a $7.50 price objective on Byrna Technologies in a research note on Friday, April 10th. Finally, Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Byrna Technologies currently has an average rating of “Moderate Buy” and an average price target of $7.88.

Byrna Technologies Price Performance

Shares of Byrna Technologies stock traded down $0.07 during trading hours on Friday, hitting $3.87. The company had a trading volume of 2,142,846 shares, compared to its average volume of 828,531. The company’s 50-day moving average is $5.80 and its two-hundred day moving average is $9.94. The company has a market cap of $87.81 million, a P/E ratio of -21.50 and a beta of 1.80. Byrna Technologies has a twelve month low of $3.81 and a twelve month high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.66% and a negative net margin of 3.39%.The company had revenue of $16.39 million for the quarter, compared to analyst estimates of $22.32 million. Sell-side analysts expect that Byrna Technologies will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new stake in Byrna Technologies during the 4th quarter valued at approximately $40,000. NBC Securities Inc. increased its holdings in shares of Byrna Technologies by 226.4% in the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,811 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares during the period. Quarry LP purchased a new stake in shares of Byrna Technologies during the third quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Byrna Technologies by 178.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock worth $94,000 after purchasing an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Key Stories Impacting Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Byrna said it has a solid cash position and no debt, and management expects cash to improve through inventory reduction and holiday-season sales. Byrna Technologies Reports Fiscal Second Quarter 2026 Results
• Positive Sentiment: The company outlined a longer-term margin recovery target, saying it expects to exit fiscal 2026 with gross margins near 62% as it works to close the HERO Defense Systems acquisition. Byrna outlines ~62% gross margin exit for fiscal 2026 as it moves to close HERO deal
• Neutral Sentiment: Roth Capital downgraded Byrna to neutral from buy and lowered its price target to $4.50, reflecting a more cautious near-term view while still implying modest upside. Roth Capital downgrade on Byrna Technologies
• Negative Sentiment: Q2 results missed expectations badly, with EPS of -$0.44 versus the -$0.10 estimate and revenue of $16.39 million versus $22.32 million expected. Byrna Technologies earnings report
• Negative Sentiment: Investors are also focused on management’s commentary that sales are being hurt by weak demand, ineffective marketing, lower website conversion, and a broad slowdown in revenue growth. Byrna Technologies: Selling The Solution Is The Real Challenge

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.