BK Technologies Co. (NYSEAMERICAN:BKTI – Get Free Report) shares dropped 4.7% on Monday . The company traded as low as $21.51 and last traded at $21.77. Approximately 27,506 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 26,279 shares. The stock had previously closed at $22.84.
BK Technologies Trading Down 4.7 %
The stock has a market cap of $77.07 million, a price-to-earnings ratio of -241.86 and a beta of 1.22.
BK Technologies (NYSEAMERICAN:BKTI – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.47 EPS for the quarter. The company had revenue of $20.25 million for the quarter. BK Technologies had a return on equity of 14.70% and a net margin of 3.64%.
Insiders Place Their Bets
Hedge Funds Weigh In On BK Technologies
An institutional investor recently raised its position in BK Technologies stock. Dimensional Fund Advisors LP boosted its position in BK Technologies Co. (NYSEAMERICAN:BKTI – Free Report) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,086 shares of the company’s stock after acquiring an additional 8,798 shares during the quarter. Dimensional Fund Advisors LP owned 1.53% of BK Technologies worth $692,000 at the end of the most recent reporting period. 55.05% of the stock is owned by institutional investors.
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).
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