BK Technologies (NYSEAMERICAN:BKTI) Stock Price Expected to Rise, Lake Street Capital Analyst Says

BK Technologies (NYSEAMERICAN:BKTI) had its price objective raised by research analysts at Lake Street Capital from $51.00 to $55.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective would indicate a potential upside of 18.92% from the stock’s current price.

BK Technologies Price Performance

Shares of BKTI opened at $46.25 on Wednesday. The stock has a market capitalization of $164.65 million, a P/E ratio of 33.76 and a beta of 1.22. The company’s 50 day moving average is $39.56. BK Technologies has a 52 week low of $11.67 and a 52 week high of $48.43.

Institutional Investors Weigh In On BK Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in BK Technologies by 3,882.6% during the fourth quarter. Bank of America Corp DE now owns 916 shares of the company’s stock worth $31,000 after purchasing an additional 893 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of BK Technologies by 2,988.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,544 shares of the company’s stock worth $52,000 after buying an additional 1,494 shares during the period. Barclays PLC acquired a new position in BK Technologies in the 4th quarter valued at $60,000. JPMorgan Chase & Co. raised its holdings in BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after acquiring an additional 4,504 shares during the period. Finally, IFP Advisors Inc bought a new position in BK Technologies in the 4th quarter worth $99,000. Institutional investors and hedge funds own 55.05% of the company’s stock.

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).