BK Technologies (NYSEAMERICAN:BKTI) Earns Buy Rating from Analysts at ThinkEquity

ThinkEquity started coverage on shares of BK Technologies (NYSEAMERICAN:BKTIGet Rating) in a research report sent to investors on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

BK Technologies Stock Down 6.7 %

Shares of NYSEAMERICAN BKTI opened at $2.38 on Monday. BK Technologies has a fifty-two week low of $1.59 and a fifty-two week high of $3.31. The company has a market cap of $40.34 million, a price-to-earnings ratio of -3.61 and a beta of 1.20. The company has a quick ratio of 0.73, a current ratio of 1.92 and a debt-to-equity ratio of 0.02.

BK Technologies (NYSEAMERICAN:BKTIGet Rating) last announced its earnings results on Thursday, August 11th. The company reported ($0.22) earnings per share for the quarter. BK Technologies had a negative net margin of 25.22% and a negative return on equity of 35.60%. The business had revenue of $12.11 million for the quarter.

BK Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 8th. Investors of record on Monday, July 25th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, July 22nd. BK Technologies’s dividend payout ratio (DPR) is currently -18.18%.

Institutional Investors Weigh In On BK Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Worth Venture Partners LLC increased its position in shares of BK Technologies by 10.8% during the first quarter. Worth Venture Partners LLC now owns 345,434 shares of the company’s stock valued at $881,000 after acquiring an additional 33,750 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of BK Technologies during the first quarter valued at approximately $2,574,000. Finally, AIGH Capital Management LLC increased its position in shares of BK Technologies by 2.5% during the first quarter. AIGH Capital Management LLC now owns 1,373,750 shares of the company’s stock valued at $3,503,000 after acquiring an additional 33,750 shares in the last quarter. Institutional investors own 29.38% of the company’s stock.

BK Technologies Company Profile

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BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR), repeaters, base stations, and related components and subsystems.

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