Byrna Technologies (NASDAQ:BYRN) Stock Price Down 3.3% – Time to Sell?

Byrna Technologies Inc. (NASDAQ:BYRN) shares dropped 3.3% on Monday . The stock traded as low as $29.02 and last traded at $29.02. Approximately 33,978 shares traded hands during trading, a decline of 88% from the average daily volume of 278,187 shares. The stock had previously closed at $30.01.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a report 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 stock. According to data from MarketBeat.com, Byrna Technologies presently has a consensus rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Price Performance

The business’s fifty day simple moving average is $22.24 and its 200 day simple moving average is $16.00. The firm has a market capitalization of $625.62 million, a price-to-earnings ratio of 305.48 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Equities research analysts expect that Byrna Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Laurilee Kearnes acquired 2,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the purchase, the chief financial officer now directly owns 2,500 shares in the company, valued at $35,100. This trade represents a 400.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Byrna Technologies

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in Byrna Technologies during the 3rd quarter worth $34,000. Quest Partners LLC purchased a new position in Byrna Technologies during the third quarter worth about $46,000. Algert Global LLC bought a new stake in Byrna Technologies in the 2nd quarter worth about $131,000. MetLife Investment Management LLC grew its position in Byrna Technologies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after buying an additional 2,976 shares during the last quarter. Institutional investors own 25.46% of the company’s stock.

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.