Byrna Technologies (NASDAQ:BYRN) Stock Rating Lowered by Zacks Research

Byrna Technologies (NASDAQ:BYRN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on BYRN. Roth Capital set a $40.00 target price on shares of Byrna Technologies and gave the company a “buy” rating in a research note on Friday, October 10th. LADENBURG THALM/SH SH upgraded Byrna Technologies to a “strong-buy” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $39.50.

Byrna Technologies Price Performance

BYRN opened at $19.00 on Monday. The business’s 50-day moving average is $20.02 and its two-hundred day moving average is $22.77. Byrna Technologies has a 1 year low of $13.68 and a 1 year high of $34.78. The firm has a market capitalization of $431.87 million, a PE ratio of 28.36 and a beta of 2.28.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Thursday, October 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. The business had revenue of $28.18 million during the quarter, compared to analyst estimates of $28.00 million. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts expect that Byrna Technologies will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Byrna Technologies

A number of large investors have recently made changes to their positions in BYRN. Nuveen LLC acquired a new position in shares of Byrna Technologies in the 1st quarter valued at $3,890,000. American Century Companies Inc. purchased a new stake in Byrna Technologies during the 1st quarter valued at about $218,000. Summit Securities Group LLC acquired a new position in shares of Byrna Technologies in the first quarter valued at about $32,000. AlphaQuest LLC increased its holdings in shares of Byrna Technologies by 1,772.2% in the first quarter. AlphaQuest LLC now owns 1,816 shares of the company’s stock valued at $31,000 after purchasing an additional 1,719 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of Byrna Technologies by 182.6% in the first quarter. Trexquant Investment LP now owns 88,587 shares of the company’s stock worth $1,492,000 after purchasing an additional 57,245 shares during the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.