Byrna Technologies Inc. (NASDAQ:BYRN) Receives $41.67 Average PT from Analysts

Byrna Technologies Inc. (NASDAQ:BYRN) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.6667.

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

Byrna Technologies Price Performance

Shares of Byrna Technologies stock traded down $0.31 during trading on Thursday, hitting $13.17. The stock had a trading volume of 52,819 shares, compared to its average volume of 588,851. The business has a fifty day moving average of $16.52 and a two-hundred day moving average of $19.05. The firm has a market cap of $298.52 million, a P/E ratio of 32.92 and a beta of 2.29. Byrna Technologies has a fifty-two week low of $11.13 and a fifty-two week high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results 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. Byrna Technologies had a net margin of 8.20% and a return on equity of 16.14%. The business had revenue of $35.25 million for the quarter, compared to the consensus estimate of $34.92 million. As a group, research analysts forecast that Byrna Technologies will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Byrna Technologies by 228.0% during the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after purchasing an additional 467,932 shares during the period. Invesco Ltd. bought a new stake in Byrna Technologies during the 2nd quarter worth approximately $13,079,000. AIGH Capital Management LLC acquired a new stake in Byrna Technologies during the 4th quarter worth approximately $6,630,000. Pinnacle Associates Ltd. lifted its stake in Byrna Technologies by 401.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock valued at $7,359,000 after buying an additional 350,861 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Byrna Technologies by 232.6% in the third quarter. UBS Group AG now owns 383,356 shares of the company’s stock valued at $8,495,000 after buying an additional 268,108 shares during the period. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.