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

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned 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 $41.6667.

Separately, Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in BYRN. SBI Securities Co. Ltd. raised its holdings in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after purchasing an additional 672 shares during the period. Nisa Investment Advisors LLC raised its stake in Byrna Technologies by 580.4% in the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock valued at $29,000 after buying an additional 801 shares during the period. Comerica Bank acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at approximately $40,000. AlphaQuest LLC boosted its stake 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 acquiring an additional 1,771 shares during the period. Finally, NBC Securities Inc. increased its holdings 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 acquiring an additional 1,811 shares during the last quarter. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $12.78 on Monday. Byrna Technologies has a one year low of $11.13 and a one year high of $34.30. The stock has a market cap of $289.72 million, a price-to-earnings ratio of 31.95 and a beta of 2.30. The company has a 50 day moving average of $15.16 and a 200-day moving average of $18.27.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $35.25 million for the quarter, compared to analyst estimates of $34.92 million. Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. Equities research analysts anticipate that Byrna Technologies will post 0.28 earnings per share 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 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.