BK Technologies (NYSEAMERICAN:BKTI) Stock Price Down 1.2%

Shares of BK Technologies Co. (NYSEAMERICAN:BKTI) dropped 1.2% during mid-day trading on Monday . The stock traded as low as $13.80 and last traded at $13.98. Approximately 16,631 shares traded hands during trading, an increase of 23% from the average daily volume of 13,537 shares. The stock had previously closed at $14.15.

BK Technologies Stock Performance

The company has a market capitalization of $49.35 million, a P/E ratio of -39.94 and a beta of 1.17.

BK Technologies (NYSEAMERICAN:BKTI) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.08 EPS for the quarter. The firm had revenue of $16.31 million during the quarter. BK Technologies had a negative return on equity of 11.62% and a negative net margin of 3.01%.

Hedge Funds Weigh In On BK Technologies

An institutional investor recently bought a new position in BK Technologies stock. Morgan Dempsey Capital Management LLC bought a new stake in BK Technologies Co. (NYSEAMERICAN:BKTI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,918 shares of the company’s stock, valued at approximately $85,000. Morgan Dempsey Capital Management LLC owned about 0.20% of BK Technologies as of its most recent SEC filing. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

BK Technologies Company Profile

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) that are hand-held (portable) or installed in vehicles (mobile).