BK Technologies (BKTI) Expected to Announce Earnings on Monday

BK Technologies (NYSEAMERICAN:BKTI) will likely be issuing its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $16.80 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

BK Technologies Stock Down 0.2 %

BKTI traded down $0.07 on Friday, hitting $31.88. 7,309 shares of the company traded hands, compared to its average volume of 32,060. The company has a market cap of $113.49 million, a PE ratio of 23.27 and a beta of 1.22. BK Technologies has a 12-month low of $11.67 and a 12-month high of $38.70.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on BK Technologies in a research note on Friday, February 14th. They set a “buy” rating and a $40.00 price objective for the company.

Hedge Funds Weigh In On BK Technologies

A hedge fund recently raised its stake in BK Technologies stock. Bank of America Corp DE lifted its holdings in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916 shares of the company’s stock after buying an additional 893 shares during the period. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 at the end of the most recent reporting period. 55.05% of the stock is currently owned by institutional investors.

About BK Technologies

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).