Byrna Technologies Inc. (NASDAQ:BYRN) Receives $16.63 Consensus PT from Brokerages

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.75.

A number of research firms recently commented on BYRN. Roth Mkm started coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price target on the stock. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after acquiring an additional 14,755 shares during the period. M&T Bank Corp lifted its holdings in Byrna Technologies by 48.2% during the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock worth $1,062,000 after purchasing an additional 54,028 shares in the last quarter. Spartan Fund Management Inc. bought a new position in Byrna Technologies in the 4th quarter worth about $32,000. Hamilton Wealth LLC purchased a new position in Byrna Technologies during the 1st quarter valued at about $146,000. Finally, Wealthspire Advisors LLC increased its position in shares of Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after buying an additional 10,000 shares during the period. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Trading Down 7.2 %

BYRN stock opened at $10.75 on Wednesday. The stock has a market cap of $244.89 million, a P/E ratio of -76.79 and a beta of 1.67. The stock’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $11.59. Byrna Technologies has a 1-year low of $2.19 and a 1-year high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The company had revenue of $20.27 million for the quarter, compared to the consensus estimate of $20.29 million. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. As a group, analysts forecast that Byrna Technologies will post 0.05 earnings per share for the current fiscal year.

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.