Bk Technologies (NYSEAMERICAN:BKTI) Trading Down 3.6% – Here’s Why

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) dropped 3.6% during mid-day trading on Friday . The stock traded as low as $80.00 and last traded at $80.00. Approximately 25,359 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 45,581 shares. The stock had previously closed at $83.00.

Bk Technologies Trading Down 3.6%

The company has a market cap of $299.20 million, a P/E ratio of 22.41 and a beta of 0.61. The firm’s 50 day moving average price is $86.88 and its 200-day moving average price is $80.77.

Bk Technologies (NYSEAMERICAN:BKTI) last issued its earnings results on Thursday, May 14th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.11. The company had revenue of $21.29 million for the quarter, compared to analyst estimates of $21.30 million. Bk Technologies had a net margin of 16.03% and a return on equity of 39.83%. Bk Technologies has set its FY 2026 guidance at 3.550-3.550 EPS.

Institutional Trading of Bk Technologies

A number of hedge funds have recently modified their holdings of BKTI. Bank of America Corp DE raised its position in shares of Bk Technologies by 3,882.6% in the 4th quarter. Bank of America Corp DE now owns 916 shares of the company’s stock valued at $31,000 after acquiring an additional 893 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Bk Technologies in the 1st quarter valued at approximately $225,000. Jane Street Group LLC acquired a new stake in shares of Bk Technologies in the 1st quarter valued at approximately $367,000. Geode Capital Management LLC raised its position in shares of Bk Technologies by 107.8% in the 2nd quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock valued at $2,984,000 after acquiring an additional 32,844 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Bk Technologies by 167.6% in the 2nd quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock valued at $1,610,000 after acquiring an additional 21,397 shares during the period. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Bk Technologies Company Profile

BK Technologies Corporation is a designer and manufacturer of professional two-way radio communications equipment and systems. The company’s product portfolio includes portable radios, mobile radios, repeater and dispatch consoles, antennas and related accessories. BK Technologies serves a broad range of end markets that require reliable voice and data communications, including public safety agencies, government entities, utilities, transportation, oil and gas, mining and commercial applications.

BK Technologies offers both analog and digital radio platforms, supporting industry standards such as Project 25 (P25) for mission-critical communications.