Byrna Technologies (NASDAQ:BYRN) Research Coverage Started at Roth Mkm

Equities research analysts at Roth Mkm began coverage on shares of Byrna Technologies (NASDAQ:BYRN) in a research report issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. Roth Mkm’s price target indicates a potential upside of 27.97% from the company’s previous close.

Byrna Technologies Price Performance

BYRN stock opened at $10.94 on Wednesday. The firm has a market capitalization of $249.18 million, a P/E ratio of -78.14 and a beta of 1.69. The company’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $11.56. Byrna Technologies has a 52-week low of $2.19 and a 52-week high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The firm had revenue of $20.27 million during the quarter, compared to analyst estimates of $20.29 million. Sell-side analysts predict that Byrna Technologies will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC acquired a new position in Byrna Technologies in the second quarter worth $131,000. Millennium Management LLC raised its stake in shares of Byrna Technologies by 53.5% in the second quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after acquiring an additional 112,262 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Byrna Technologies in the second quarter valued at approximately $466,000. Cubist Systematic Strategies LLC boosted its position in Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock valued at $760,000 after buying an additional 45,118 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Byrna Technologies during the second quarter worth $2,693,000. 25.46% of the stock is owned by institutional investors.

About Byrna Technologies

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.