BK Technologies (BKTI) Projected to Post Quarterly Earnings on Monday

BK Technologies (NYSEAMERICAN:BKTI) is projected to release its earnings data before the market opens on Monday, March 24th. Analysts expect BK Technologies to post earnings of $0.35 per share and revenue of $16.80 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

BK Technologies Stock Down 0.2 %

NYSEAMERICAN:BKTI opened at $31.88 on Friday. BK Technologies has a 12-month low of $11.67 and a 12-month high of $38.70. The firm has a market capitalization of $113.49 million, a P/E ratio of 23.27 and a beta of 1.22.

Hedge Funds Weigh In On BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bank of America Corp DE raised its holdings in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 916 shares of the company’s stock after acquiring an additional 893 shares during the quarter. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 as of its most recent filing with the SEC. 55.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on BK Technologies in a research note on Friday, February 14th. They issued a “buy” rating and a $40.00 price objective for the company.

BK Technologies Company Profile

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).