Ballantyne Strong, Inc (NYSEAMERICAN:BTN – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.39. Ballantyne Strong shares last traded at $2.39, with a volume of 26,019 shares trading hands.
Wall Street Analyst Weigh In
Separately, TheStreet cut Ballantyne Strong from a “c” rating to a “d+” rating in a report on Wednesday, August 3rd.
Ballantyne Strong Stock Up 2.1 %
The firm has a market capitalization of $46.53 million, a price-to-earnings ratio of 2.54 and a beta of 1.20.
Insider Activity at Ballantyne Strong
Institutional Trading of Ballantyne Strong
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Ballantyne Strong by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 835,773 shares of the consumer goods maker’s stock worth $1,730,000 after acquiring an additional 13,312 shares during the period. Shufro Rose & Co. LLC increased its position in shares of Ballantyne Strong by 303.8% during the first quarter. Shufro Rose & Co. LLC now owns 60,563 shares of the consumer goods maker’s stock worth $187,000 after acquiring an additional 45,563 shares during the period. Gator Capital Management LLC increased its position in shares of Ballantyne Strong by 204.6% during the first quarter. Gator Capital Management LLC now owns 35,133 shares of the consumer goods maker’s stock worth $108,000 after acquiring an additional 23,600 shares during the period. Finally, State Street Corp increased its position in shares of Ballantyne Strong by 18.7% during the first quarter. State Street Corp now owns 32,123 shares of the consumer goods maker’s stock worth $99,000 after acquiring an additional 5,059 shares during the period. Hedge funds and other institutional investors own 17.59% of the company’s stock.
Ballantyne Strong Company Profile
Ballantyne Strong, Inc operates in the entertainment industry worldwide. The company manufactures and distributes projection screens and customized screen support systems directly, as well as through third-party distributors and integrators. It also distributes other products and provides technical support services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets.
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