Bk Technologies (NYSEAMERICAN:BKTI) Issues Quarterly Earnings Results

Bk Technologies (NYSEAMERICAN:BKTI) announced its quarterly earnings results on Thursday. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.31, FiscalAI reports. The company had revenue of $24.41 million for the quarter, compared to the consensus estimate of $22.10 million. Bk Technologies had a return on equity of 37.71% and a net margin of 15.18%. Bk Technologies updated its FY 2025 guidance to 3.800-3.800 EPS.

Bk Technologies Stock Performance

Shares of NYSEAMERICAN:BKTI traded down $5.97 during midday trading on Friday, reaching $75.35. 80,556 shares of the company’s stock traded hands, compared to its average volume of 50,955. The company has a market cap of $281.06 million, a P/E ratio of 24.54 and a beta of 0.43. The company has a fifty day simple moving average of $73.73 and a two-hundred day simple moving average of $56.38. Bk Technologies has a 1 year low of $26.20 and a 1 year high of $86.24.

Insider Activity at Bk Technologies

In related news, insider Branko Avanic sold 2,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $68.41, for a total transaction of $136,820.00. Following the completion of the transaction, the insider owned 10,969 shares in the company, valued at $750,389.29. This represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Bk Technologies by 6.6% during the third quarter. Vanguard Group Inc. now owns 180,099 shares of the company’s stock worth $15,215,000 after buying an additional 11,169 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bk Technologies by 801.6% in the third quarter. JPMorgan Chase & Co. now owns 11,603 shares of the company’s stock valued at $980,000 after purchasing an additional 10,316 shares during the period. Rhumbline Advisers boosted its holdings in Bk Technologies by 19.0% in the 3rd quarter. Rhumbline Advisers now owns 3,856 shares of the company’s stock valued at $326,000 after purchasing an additional 615 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Bk Technologies during the 2nd quarter worth approximately $25,000. Finally, Bank of America Corp DE grew its position in Bk Technologies by 23.8% in the second quarter. Bank of America Corp DE now owns 1,323 shares of the company’s stock worth $62,000 after acquiring an additional 254 shares during the period. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Lake Street Capital reaffirmed a “buy” rating on shares of Bk Technologies in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $74.00.

About Bk Technologies

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).