Byrna Technologies (NASDAQ:BYRN) Raised to Strong-Buy at LADENBURG THALM/SH SH

Byrna Technologies (NASDAQ:BYRN) was upgraded by LADENBURG THALM/SH SH to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also commented on the stock. B. Riley reiterated a “buy” rating and set a $46.00 price objective (up previously from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. Craig Hallum initiated coverage on shares of Byrna Technologies in a research note on Wednesday, July 16th. They set a “buy” rating and a $39.00 price objective for the company. Wolfe Research upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Friday, June 6th. Finally, Roth Capital boosted their price objective on shares of Byrna Technologies from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $38.75.

Byrna Technologies Stock Down 1.0%

NASDAQ BYRN opened at $22.25 on Wednesday. The firm has a market cap of $505.08 million, a PE ratio of 35.89 and a beta of 2.05. The company has a 50 day moving average price of $20.84 and a 200 day moving average price of $22.91. Byrna Technologies has a 52 week low of $13.10 and a 52 week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $28.51 million during the quarter, compared to analyst estimates of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. On average, equities research analysts anticipate that Byrna Technologies will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Byrna Technologies

Several large investors have recently bought and sold shares of BYRN. Nisa Investment Advisors LLC grew its position in Byrna Technologies by 580.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock worth $29,000 after purchasing an additional 801 shares during the last quarter. AlphaQuest LLC grew its position in Byrna Technologies by 1,772.2% during the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company’s stock worth $31,000 after purchasing an additional 1,719 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Byrna Technologies during the 1st quarter worth approximately $32,000. GAMMA Investing LLC grew its position in Byrna Technologies by 3,377.2% during the 1st quarter. GAMMA Investing LLC now owns 4,277 shares of the company’s stock worth $72,000 after purchasing an additional 4,154 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after acquiring an additional 1,960 shares during the last quarter. Hedge funds and other 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.