Initiates Coverage on Ballantyne Strong (NYSE:BTN) began coverage on shares of Ballantyne Strong (NYSE:BTNGet Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

BTN opened at $3.10 on Monday. The stock has a 50-day moving average price of $2.98. Ballantyne Strong has a twelve month low of $2.59 and a twelve month high of $5.47. The company has a market cap of $59.68 million, a price-to-earnings ratio of 3.01 and a beta of 1.25.

About Ballantyne Strong (Get Rating)

Ballantyne Strong, Inc is a holding company, which engages in several business activities including cinema products and services, digital signage, advertising, and insurance. The firm mainly operates through strong entertainment business, which manufactures and distributes premium format projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets.

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