Byrna Technologies (NASDAQ:BYRN) Reaches New 52-Week High – Here’s Why

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.58 and last traded at $32.42, with a volume of 203638 shares. The stock had previously closed at $31.14.

Analysts Set New Price Targets

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

Byrna Technologies Stock Down 1.4 %

The stock has a market capitalization of $698.50 million, a price-to-earnings ratio of 341.04 and a beta of 1.67. The company’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $18.11.

Institutional Trading of Byrna Technologies

A number of institutional investors have recently bought and sold shares of BYRN. nVerses Capital LLC bought a new stake in Byrna Technologies during the 3rd quarter valued at $34,000. Quest Partners LLC purchased a new position in shares of Byrna Technologies in the third quarter worth $46,000. Algert Global LLC bought a new position in Byrna Technologies during the 2nd quarter valued at approximately $131,000. SG Americas Securities LLC bought a new position in Byrna Technologies in the 4th quarter worth $134,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after acquiring an additional 6,061 shares during the period. Institutional investors own 25.46% of the company’s stock.

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.