Byrna Technologies (NASDAQ:BYRN) Trading Up 7.8% – What’s Next?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price shot up 7.8% during mid-day trading on Thursday . The stock traded as high as $28.81 and last traded at $28.56. 310,020 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 412,532 shares. The stock had previously closed at $26.49.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 price target on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Byrna Technologies presently has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Trading Up 4.2 %

The firm has a 50 day moving average of $26.73 and a two-hundred day moving average of $18.72. The stock has a market capitalization of $628.06 million, a PE ratio of 306.65 and a beta of 1.65.

Institutional Investors Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in Byrna Technologies by 47.9% in the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after purchasing an additional 548,670 shares during the period. Barclays PLC increased its stake in Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after purchasing an additional 2,021 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Byrna Technologies by 86.6% during the 3rd quarter. GSA Capital Partners LLP now owns 59,608 shares of the company’s stock worth $1,012,000 after purchasing an additional 27,662 shares during the period. Finally, State Street Corp increased its position in Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after purchasing an additional 84,723 shares in the last quarter. 25.46% of the stock is currently owned by hedge funds and other 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.