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

Shares of Byrna Technologies Inc. (NASDAQ:BYRN) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.1250.

BYRN has been the topic of a number of recent analyst reports. New Street Research set a $7.50 price objective on shares of Byrna Technologies in a research report on Friday, April 10th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Craig Hallum lowered 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 Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, B. Riley Financial decreased their price target on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 10th.

Institutional Investors Weigh In On Byrna Technologies

Several institutional investors have recently added to or reduced their stakes in BYRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after purchasing an additional 468 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after buying an additional 576 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after buying an additional 672 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Byrna Technologies by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock valued at $281,000 after buying an additional 822 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Shares of BYRN opened at $5.33 on Friday. Byrna Technologies has a 1 year low of $4.84 and a 1 year high of $34.30. The stock has a market capitalization of $120.92 million, a PE ratio of 14.81 and a beta of 1.81. The stock has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $13.05.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, April 9th. The company reported $0.03 earnings per share 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 firm had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. Analysts predict that Byrna Technologies will post 0.03 EPS for the current year.

About Byrna Technologies

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.