Byrna Technologies Inc. (NASDAQ:BYRN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Byrna Technologies Inc. (NASDAQ:BYRN) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.8750.

A number of equities analysts have recently commented on BYRN shares. Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, July 10th. B. Riley Financial dropped their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, Zacks Research cut Byrna Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th.

Byrna Technologies Trading Down 0.3%

Shares of NASDAQ BYRN opened at $3.59 on Monday. Byrna Technologies has a 12 month low of $3.16 and a 12 month high of $30.62. The firm has a market capitalization of $81.46 million, a price-to-earnings ratio of -19.94 and a beta of 1.82. The business has a 50-day moving average of $4.55 and a 200-day moving average of $6.97.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.34). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The company had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. On average, analysts predict that Byrna Technologies will post -0.63 earnings per share for the current year.

Insider Transactions at Byrna Technologies

In other news, Director Chris Lavern Reed acquired 8,150 shares of Byrna Technologies stock in a transaction dated Friday, July 24th. The shares were purchased at an average cost of $3.63 per share, for a total transaction of $29,584.50. Following the transaction, the director owned 61,720 shares of the company’s stock, valued at $224,043.60. This trade represents a 15.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leonard J. Elmore acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $4.64 per share, for a total transaction of $46,400.00. Following the completion of the acquisition, the director owned 60,811 shares in the company, valued at $282,163.04. This represents a 19.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 71,258 shares of company stock valued at $261,855 over the last quarter. 9.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank purchased a new stake in shares of Byrna Technologies in the 4th quarter valued at $40,000. NBC Securities Inc. lifted its stake in Byrna Technologies by 226.4% in the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after purchasing an additional 1,811 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after purchasing an additional 1,047 shares during the last quarter. Quarry LP purchased a new stake in Byrna Technologies during the third quarter valued at about $70,000. Finally, Bank of New York Mellon Corp purchased a new stake in Byrna Technologies during the second quarter valued at about $86,000. 25.46% of the stock is currently owned by institutional investors.

About Byrna Technologies

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO?-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.