Byrna Technologies (BYRN) Scheduled to Post Earnings on Friday

Byrna Technologies (NASDAQ:BYRN) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 5th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Byrna Technologies had a negative net margin of 19.21% and a negative return on equity of 18.34%. The firm had revenue of $15.64 million during the quarter, compared to analysts’ expectations of $15.59 million. On average, analysts expect Byrna Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $13.93 on Friday. The company’s fifty day moving average price is $10.63 and its 200 day moving average price is $6.80. The company has a market capitalization of $306.46 million, a PE ratio of -36.66 and a beta of 1.69. Byrna Technologies has a 1 year low of $2.19 and a 1 year high of $14.44.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BYRN shares. B. Riley increased their price objective on Byrna Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. TheStreet raised shares of Byrna Technologies from a “d+” rating to a “c-” rating in a research note on Thursday, March 7th.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, insider Herbert Hughes sold 5,229 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the transaction, the insider now directly owns 137,416 shares in the company, valued at approximately $1,653,114.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.44% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Byrna Technologies by 12.2% during the 1st quarter. Vanguard Group Inc. now owns 832,684 shares of the company’s stock valued at $6,802,000 after acquiring an additional 90,375 shares during the period. BlackRock Inc. boosted its holdings in shares of Byrna Technologies by 3.8% in the second quarter. BlackRock Inc. now owns 327,242 shares of the company’s stock valued at $1,639,000 after acquiring an additional 11,853 shares during the period. State Street Corp increased its position in shares of Byrna Technologies by 3.2% in the first quarter. State Street Corp now owns 288,630 shares of the company’s stock valued at $2,358,000 after buying an additional 9,005 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Byrna Technologies during the 1st quarter valued at about $2,310,000. Finally, Millennium Management LLC acquired a new stake in shares of Byrna Technologies in the second quarter valued at $1,537,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.