Capital Research Global Investors Decreases Stock Position in Byrna Technologies Inc. $BYRN

Capital Research Global Investors reduced its position in Byrna Technologies Inc. (NASDAQ:BYRN) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,405,931 shares of the company’s stock after selling 501,070 shares during the period. Capital Research Global Investors owned approximately 0.06% of Byrna Technologies worth $23,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after buying an additional 468 shares during the last quarter. Tidal Investments LLC increased its position in Byrna Technologies by 4.9% in the second quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after buying an additional 576 shares during the last quarter. SBI Securities Co. Ltd. increased its position in 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 last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Byrna Technologies by 9.9% in the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock worth $281,000 after acquiring an additional 822 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 1,047 shares during the period. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Stock Performance

NASDAQ:BYRN opened at $6.25 on Wednesday. The firm has a market capitalization of $141.81 million, a price-to-earnings ratio of 17.36 and a beta of 1.81. Byrna Technologies Inc. has a 52-week low of $4.84 and a 52-week high of $34.30. The stock has a fifty day moving average of $6.38 and a 200 day moving average of $11.84.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Craig Hallum lowered Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. B. Riley Financial cut their price target on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Roth Mkm cut their price target on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a report on Friday, April 10th. Two 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $12.13.

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.