Byrna Technologies Inc. (NASDAQ:BYRN) Given Average Recommendation of “Buy” by Analysts

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.1250.

A number of brokerages have issued reports on BYRN. Texas Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Roth Mkm cut their target price on shares of Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Craig Hallum cut shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Wall Street Zen cut shares of Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Finally, B. Riley Financial cut their price target on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th.

Byrna Technologies Stock Down 2.6%

Shares of NASDAQ BYRN opened at $6.49 on Tuesday. The firm’s 50-day moving average price is $10.22 and its two-hundred day moving average price is $15.41. Byrna Technologies has a 52-week low of $5.56 and a 52-week high of $34.30. The stock has a market capitalization of $147.26 million, a P/E ratio of 18.03 and a beta of 2.46.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Byrna Technologies had a return on equity of 14.14% and a net margin of 7.30%.The business had revenue of $29.05 million during the quarter, compared to the consensus estimate of $30.21 million. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities research analysts expect that Byrna Technologies will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently made changes to their positions in BYRN. Royal Bank of Canada raised its holdings in shares of Byrna Technologies by 21.3% during the first quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock valued at $393,000 after buying an additional 4,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Byrna Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after buying an additional 468 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Byrna Technologies by 247.9% during the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Byrna Technologies during the first quarter valued at approximately $173,000. Finally, Strs Ohio bought a new stake in shares of Byrna Technologies during the first quarter valued at approximately $113,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.