Byrna Technologies (NASDAQ:BYRN) Shares Down 7.4% – Time to Sell?

Byrna Technologies Inc. (NASDAQ:BYRN) traded down 7.4% on Friday . The stock traded as low as $28.65 and last traded at $28.42. 151,415 shares traded hands during trading, a decline of 60% from the average session volume of 378,431 shares. The stock had previously closed at $30.69.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Byrna Technologies presently has a consensus rating of “Buy” and an average price target of $17.75.

Byrna Technologies Stock Performance

The firm has a market capitalization of $626.48 million, a price-to-earnings ratio of 303.87 and a beta of 1.67. The business has a fifty day moving average price of $26.22 and a 200 day moving average price of $18.20.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in Byrna Technologies by 47.9% in the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after buying an additional 548,670 shares during the period. Millennium Management LLC raised its stake in shares of Byrna Technologies by 53.5% in the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock valued at $3,213,000 after acquiring an additional 112,262 shares during the period. State Street Corp lifted its holdings in shares of Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after acquiring an additional 84,723 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Byrna Technologies during the 2nd quarter worth $786,000. Finally, Squarepoint Ops LLC acquired a new stake in Byrna Technologies in the 2nd quarter valued at $466,000. 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.