Byrna Technologies Inc. (NASDAQ:BYRN) Given Consensus Rating of “Buy” by Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.1250.

Several research analysts have commented on BYRN shares. New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday, April 10th. Roth Mkm decreased their target price on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, April 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research note on Friday, April 10th. B. Riley Financial decreased their target price on shares of Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Wall Street Zen downgraded shares of Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after buying an additional 672 shares during the period. AlphaQuest LLC increased its stake in shares of Byrna Technologies by 1,825.8% in the third quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after buying an additional 1,771 shares during the period. Russell Investments Group Ltd. increased its stake in shares of 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 buying an additional 1,047 shares during the period. Comerica Bank purchased a new position in shares of Byrna Technologies in the fourth quarter worth $40,000. Finally, NBC Securities Inc. increased its stake in shares of 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 buying an additional 1,811 shares during the period. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Stock Performance

BYRN stock opened at $6.25 on Wednesday. The company has a market capitalization of $141.81 million, a PE ratio of 17.36 and a beta of 1.81. Byrna Technologies has a one year low of $4.84 and a one year high of $34.30. The company’s 50 day moving average price is $6.38 and its two-hundred day moving average price is $11.84.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.During the same period last year, the business posted $0.07 earnings per share. On average, research analysts predict that Byrna Technologies will post 0.03 EPS for the current year.

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.