BK Technologies (BKTI) Projected to Post Quarterly Earnings on Wednesday

BK Technologies (NYSEAMERICAN:BKTI) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect BK Technologies to post earnings of $0.35 per share and revenue of $16.80 million for the quarter.

BK Technologies Stock Performance

NYSEAMERICAN:BKTI opened at $27.00 on Tuesday. The company has a market capitalization of $96.12 million, a PE ratio of 19.71 and a beta of 1.22. BK Technologies has a 12 month low of $11.15 and a 12 month high of $38.70.

Institutional Trading of BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bank of America Corp DE lifted its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 916 shares of the company’s stock after purchasing an additional 893 shares during the quarter. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 as of its most recent SEC filing. Institutional investors and hedge funds own 55.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital began coverage on shares of BK Technologies in a research note on Friday, February 14th. They set a “buy” rating and a $40.00 price target on the stock.

BK Technologies Company Profile

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).