Ballantyne Strong (NYSEAMERICAN:BTN) Shares Cross Above 200-Day Moving Average of $0.00

Shares of Ballantyne Strong, Inc (NYSEAMERICAN:BTN – Get Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $2.61. Ballantyne Strong shares last traded at $2.58, with a volume of 5,800 shares.

Ballantyne Strong Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.28. The company has a market cap of $50.23 million, a PE ratio of -5.49 and a beta of 1.36.

Ballantyne Strong (NYSEAMERICAN:BTN – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The consumer goods maker reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $10.27 million during the quarter. Ballantyne Strong had a negative net margin of 23.12% and a negative return on equity of 18.16%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ballantyne Strong stock. Dimensional Fund Advisors LP boosted its holdings in shares of Ballantyne Strong, Inc (NYSEAMERICAN:BTN – Get Rating) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 835,773 shares of the consumer goods maker’s stock after acquiring an additional 13,312 shares during the period. Dimensional Fund Advisors LP owned approximately 4.29% of Ballantyne Strong worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission. 40.75% of the stock is owned by institutional investors and hedge funds.

About Ballantyne Strong

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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.