Byrna Technologies (NASDAQ:BYRN) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Byrna Technologies (NASDAQ:BYRN) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other equities research analysts also recently weighed in on the company. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. B. Riley Financial decreased their price objective on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective on the stock. in a report on Friday, April 10th. Roth Mkm decreased their price objective on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, New Street Research set a $7.50 price objective on Byrna Technologies in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Byrna Technologies presently has an average rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Trading Down 2.6%

NASDAQ BYRN opened at $6.49 on Friday. The stock’s 50 day moving average is $10.22 and its two-hundred day moving average is $15.41. The company has a market capitalization of $147.26 million, a price-to-earnings ratio of 18.03 and a beta of 2.46. Byrna Technologies has a 1-year low of $5.56 and a 1-year high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $29.05 million for the quarter, compared to analyst estimates of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, analysts predict that Byrna Technologies will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BYRN. SBI Securities Co. Ltd. boosted its holdings in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after acquiring an additional 672 shares in the last quarter. Comerica Bank acquired a new position in shares of Byrna Technologies in the 4th quarter worth approximately $40,000. AlphaQuest LLC boosted its holdings in shares of Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after acquiring an additional 1,771 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after acquiring an additional 1,811 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Byrna Technologies in the 3rd quarter worth approximately $47,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.