Byrna Technologies (NASDAQ:BYRN) Announces Earnings Results, Beats Expectations By $0.12 EPS

Byrna Technologies (NASDAQ:BYRN) released its quarterly earnings results on Friday. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12, Zacks reports. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%.

Byrna Technologies Stock Performance

BYRN stock traded up $3.23 during trading on Friday, hitting $30.73. 843,911 shares of the company traded hands, compared to its average volume of 459,312. The company has a 50-day moving average of $26.90 and a 200-day moving average of $18.78. Byrna Technologies has a 1 year low of $7.79 and a 1 year high of $32.58. The firm has a market capitalization of $699.32 million, a PE ratio of 341.44 and a beta of 1.65.

Analyst Upgrades and Downgrades

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

About Byrna Technologies

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.