Byrna Technologies (NASDAQ:BYRN) Stock Price Down 3.3% – Should You Sell?

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price traded down 3.3% on Monday . The stock traded as low as $29.02 and last traded at $29.02. 33,978 shares were traded during mid-day trading, a decline of 88% from the average session volume of 278,187 shares. The stock had previously closed at $30.01.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Stock Performance

The stock has a 50-day simple moving average of $21.75 and a two-hundred day simple moving average of $15.76. The firm has a market cap of $627.67 million, a PE ratio of 306.48 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. As a group, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Laurilee Kearnes purchased 2,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was bought at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares in the company, valued at $35,100. This represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in Byrna Technologies in the third quarter worth $34,000. Quest Partners LLC purchased a new stake in shares of Byrna Technologies during the third quarter worth about $46,000. MetLife Investment Management LLC grew its stake in shares of Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after acquiring an additional 6,061 shares during the last quarter. Silverleafe Capital Partners LLC purchased a new stake in shares of Byrna Technologies during the fourth quarter worth about $353,000. Finally, Algert Global LLC purchased a new stake in Byrna Technologies in the second quarter valued at approximately $131,000. 25.46% of the stock is currently owned by institutional investors.

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.