Byrna Technologies (NASDAQ:BYRN) Hits New 1-Year High – Time to Buy?

Byrna Technologies Inc. (NASDAQ:BYRN) reached a new 52-week high on Monday . The company traded as high as $30.16 and last traded at $30.16, with a volume of 4145 shares changing hands. The stock had previously closed at $29.56.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BYRN. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Price Performance

The company has a market cap of $655.89 million, a P/E ratio of 320.26 and a beta of 1.80. The business’s 50 day moving average price is $19.52 and its 200-day moving average price is $14.71.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. As a group, research analysts forecast that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Insider Activity at Byrna Technologies

In related news, CFO Laurilee Kearnes purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BYRN. nVerses Capital LLC acquired a new stake in shares of Byrna Technologies in the 3rd quarter valued at $34,000. Quest Partners LLC bought a new position in Byrna Technologies in the third quarter valued at about $46,000. Algert Global LLC acquired a new stake in Byrna Technologies in the second quarter worth about $131,000. MetLife Investment Management LLC raised its holdings in Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after purchasing an additional 2,976 shares during the last quarter. Institutional investors and hedge funds 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.