Byrna Technologies (NASDAQ:BYRN) Lowered to Sell Rating by Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen lowered shares of Byrna Technologies (NASDAQ:BYRN – Free Report) from a hold rating to a sell rating in a research note published on Saturday.
BYRN has been the topic of a number of other research reports. Roth Mkm dropped their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, April 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. New Street Research set a $7.50 target price on Byrna Technologies in a research report on Friday, April 10th. B. Riley Financial dropped their target price on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Craig Hallum lowered Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Friday, April 10th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Byrna Technologies presently has a consensus rating of “Buy” and an average price target of $12.13.
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Byrna Technologies Stock Performance
Shares of Byrna Technologies stock opened at $6.66 on Friday. The business’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $15.57. Byrna Technologies has a 52-week low of $5.56 and a 52-week high of $34.30. The firm has a market cap of $151.12 million, a PE ratio of 18.50 and a beta of 2.46.
Byrna Technologies (NASDAQ:BYRN – Get Free Report) last announced its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. The firm had revenue of $29.05 million during the quarter, compared to analyst estimates of $30.21 million. During the same period in the prior year, the business posted $0.07 EPS. As a group, equities research analysts predict that Byrna Technologies will post 0.28 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BYRN. SBI Securities Co. Ltd. increased its position in shares of Byrna Technologies by 138.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after purchasing an additional 672 shares during the last quarter. Comerica Bank acquired a new position in shares of Byrna Technologies during the 4th quarter worth approximately $40,000. AlphaQuest LLC increased its position in shares of Byrna Technologies by 1,825.8% during the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after purchasing an additional 1,771 shares during the last quarter. NBC Securities Inc. increased its position in shares of Byrna Technologies by 226.4% during the 4th 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. Finally, Byrne Asset Management LLC acquired a new position in shares of Byrna Technologies during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 25.46% of the company’s stock.
Byrna Technologies Company Profile
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 CO₂-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.