Lake Street Capital Has Lowered Expectations for Bk Technologies (NYSEAMERICAN:BKTI) Stock Price

Bk Technologies (NYSEAMERICAN:BKTI) had its price target cut by stock analysts at Lake Street Capital from $97.00 to $87.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital‘s price objective would indicate a potential upside of 40.75% from the company’s current price.

Bk Technologies Trading Down 7.6%

NYSEAMERICAN BKTI traded down $5.07 during trading hours on Friday, hitting $61.81. The company’s stock had a trading volume of 95,584 shares, compared to its average volume of 47,379. Bk Technologies has a 52 week low of $60.00 and a 52 week high of $104.55. The company has a market capitalization of $233.03 million, a PE ratio of 18.18 and a beta of 0.60. The company’s 50-day simple moving average is $71.12 and its two-hundred day simple moving average is $79.70.

Bk Technologies (NYSEAMERICAN:BKTI) last issued its quarterly earnings data on Thursday, November 12th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.23. The firm had revenue of $25.29 million during the quarter, compared to analyst estimates of $23.50 million. Bk Technologies had a return on equity of 34.22% and a net margin of 15.00%. Bk Technologies has set its FY 2026 guidance at 3.150-3.150 EPS.

Hedge Funds Weigh In On Bk Technologies

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Bk Technologies by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 11,241 shares of the company’s stock worth $839,000 after acquiring an additional 217 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Bk Technologies by 13.1% during the third quarter. Vise Technologies Inc. now owns 3,161 shares of the company’s stock valued at $235,000 after purchasing an additional 367 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in Bk Technologies by 5.0% during the third quarter. North Star Investment Management Corp. now owns 14,700 shares of the company’s stock worth $1,095,000 after purchasing an additional 700 shares during the last quarter. State of Wyoming boosted its holdings in Bk Technologies by 288.0% during the first quarter. State of Wyoming now owns 1,773 shares of the company’s stock worth $132,000 after purchasing an additional 1,316 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Bk Technologies by 97.0% in the 2nd quarter. IFP Advisors Inc now owns 3,126 shares of the company’s stock worth $269,000 after purchasing an additional 1,539 shares in the last quarter. 55.05% of the stock is owned by hedge funds and other institutional investors.

Bk Technologies Company Profile

BK Technologies Corporation designs and manufactures wireless communications equipment for public safety and government users. Its products include portable and mobile two-way radios and related accessories, marketed under the BK Radio and BKR brands. The company’s land mobile radio products serve law enforcement, fire and emergency response organizations, and federal, state and local government agencies. Its offerings include radios that support Project 25 (P25) digital communications. Headquartered in West Melbourne, Florida, BK Technologies serves customers in the United States and select international markets.