Byrna Technologies (NASDAQ:BYRN) Given Buy Rating at B. Riley

B. Riley reiterated their buy rating on shares of Byrna Technologies (NASDAQ:BYRN) in a research report report published on Monday, Benzinga reports. They currently have a $17.00 price target on the stock, up from their previous price target of $14.00.

Separately, TheStreet upgraded Byrna Technologies from a d+ rating to a c- rating in a research note on Thursday, March 7th.

Byrna Technologies Stock Performance

Shares of BYRN stock opened at $14.97 on Monday. Byrna Technologies has a fifty-two week low of $2.19 and a fifty-two week high of $15.24. The firm has a market capitalization of $340.36 million, a price-to-earnings ratio of -53.46 and a beta of 1.69. The stock’s 50-day simple moving average is $11.65 and its 200-day simple moving average is $7.37.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Byrna Technologies had a negative return on equity of 13.18% and a negative net margin of 11.83%. The business had revenue of $15.64 million for the quarter, compared to analyst estimates of $15.59 million. As a group, equities analysts forecast that Byrna Technologies will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Herbert Hughes sold 5,229 shares of Byrna Technologies stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total transaction of $62,904.87. Following the completion of the sale, the insider now owns 137,416 shares of the company’s stock, valued at $1,653,114.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.44% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BYRN. Spartan Fund Management Inc. acquired a new position in Byrna Technologies in the fourth quarter valued at approximately $32,000. Barclays PLC acquired a new position in Byrna Technologies in the first quarter valued at approximately $46,000. Bank of America Corp DE lifted its holdings in Byrna Technologies by 17,573.5% in the first quarter. Bank of America Corp DE now owns 6,009 shares of the company’s stock valued at $46,000 after acquiring an additional 5,975 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Byrna Technologies in the first quarter valued at approximately $48,000. Finally, Virtu Financial LLC acquired a new position in Byrna Technologies in the fourth quarter valued at approximately $66,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.