Byrna Technologies (NASDAQ:BYRN) Releases Earnings Results, Misses Estimates By $0.05 EPS

Byrna Technologies (NASDAQ:BYRN) issued its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05), FiscalAI reports. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.The firm had revenue of $29.05 million during the quarter, compared to the consensus estimate of $30.21 million.

Byrna Technologies Price Performance

Shares of Byrna Technologies stock opened at $9.20 on Thursday. Byrna Technologies has a 1 year low of $8.75 and a 1 year high of $34.30. The firm has a market cap of $208.75 million, a PE ratio of 23.00 and a beta of 2.46. The stock has a fifty day moving average price of $11.40 and a 200-day moving average price of $16.31.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BYRN shares. Texas Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. B. Riley Financial cut their target price on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Craig Hallum reiterated a “buy” rating and issued a $18.00 target price on shares of Byrna Technologies in a report on Tuesday, March 10th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $29.67.

Institutional Investors Weigh In On Byrna Technologies

Large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Byrna Technologies by 24.6% during the 4th quarter. Royal Bank of Canada now owns 11,372 shares of the company’s stock valued at $192,000 after purchasing an additional 2,248 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at $177,000. State of Wyoming purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $179,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $204,000. Finally, Sei Investments Co. purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $238,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

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.