Byrna Technologies (NASDAQ:BYRN) Director Adam Roth Purchases 10,000 Shares of Company Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Adam Roth purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average cost of $4.77 per share, with a total value of $47,700.00. Following the completion of the purchase, the director owned 19,379 shares of the company’s stock, valued at $92,437.83. The trade was a 106.62% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Byrna Technologies Stock Up 1.3%

NASDAQ BYRN traded up $0.06 during trading on Friday, hitting $4.84. 1,648,688 shares of the stock traded hands, compared to its average volume of 611,436. Byrna Technologies Inc. has a 12-month low of $3.16 and a 12-month high of $22.47. The firm has a 50-day simple moving average of $3.85 and a 200-day simple moving average of $5.09. The company has a market capitalization of $113.30 million, a P/E ratio of -12.10 and a beta of 1.70.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, October 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. The business had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $16.27 million. Byrna Technologies had a negative return on equity of 14.46% and a negative net margin of 9.20%. As a group, research analysts predict that Byrna Technologies Inc. will post -0.65 EPS for the current fiscal year.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of the stock. Byrne Asset Management LLC increased its position in Byrna Technologies by 107.0% during the third quarter. Byrne Asset Management LLC now owns 22,600 shares of the company’s stock valued at $79,000 after acquiring an additional 11,680 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Byrna Technologies in the second quarter valued at $106,000. Squarepoint Ops LLC lifted its holdings in shares of Byrna Technologies by 9.0% in the 2nd quarter. Squarepoint Ops LLC now owns 51,696 shares of the company’s stock worth $347,000 after acquiring an additional 4,254 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Byrna Technologies in the 2nd quarter worth about $95,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Byrna Technologies during the 2nd quarter worth about $86,000. 25.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. B. Riley Financial dropped their price objective on shares of Byrna Technologies from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Craig Hallum restated a “hold” rating and set a $3.50 target price on shares of Byrna Technologies in a research report on Friday, October 9th. Wall Street Zen raised shares of Byrna Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Finally, Roth Capital downgraded shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.62.

Byrna Technologies Company Profile

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.