BK Technologies (NYSEAMERICAN:BKTI) Trading Down 4.7%

BK Technologies Co. (NYSEAMERICAN:BKTI) 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) 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

In other BK Technologies news, Director Joshua Horowitz acquired 3,330 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $19.86 per share, for a total transaction of $66,133.80. Following the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at $1,787,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 25.59% of the company’s stock.

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) 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).