Byrna Technologies (NASDAQ:BYRN) Stock Price Down 2.5% – Time to Sell?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price was down 2.5% during mid-day trading on Monday . The company traded as low as $22.47 and last traded at $22.60. Approximately 53,675 shares changed hands during trading, a decline of 89% from the average daily volume of 480,753 shares. The stock had previously closed at $23.17.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $33.00 target price on shares of Byrna Technologies in a research report on Thursday, March 20th.

Byrna Technologies Stock Down 4.3 %

The stock has a 50-day moving average of $20.67 and a 200 day moving average of $22.61. The stock has a market cap of $502.53 million, a PE ratio of 41.20 and a beta of 2.19.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The business had revenue of $26.19 million for the quarter, compared to the consensus estimate of $23.26 million. On average, equities analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Activity

In related news, insider Lisa Wager sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the transaction, the insider now owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Emily Rooney bought 2,500 shares of Byrna Technologies stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average cost of $20.50 per share, with a total value of $51,250.00. Following the completion of the purchase, the director now owns 37,564 shares in the company, valued at approximately $770,062. This trade represents a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.08% of the company’s stock.

Institutional Trading of Byrna Technologies

A number of institutional investors and hedge funds have recently modified their holdings of BYRN. Quarry LP purchased a new stake in Byrna Technologies during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. acquired a new position in Byrna Technologies in the 4th quarter valued at $29,000. Global Retirement Partners LLC purchased a new position in Byrna Technologies in the 4th quarter valued at $30,000. NCP Inc. purchased a new stake in shares of Byrna Technologies during the fourth quarter worth $37,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

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.