Byrna Technologies (NASDAQ:BYRN) Releases Quarterly Earnings Results

Byrna Technologies (NASDAQ:BYRN – Get Free Report) released its earnings results on Thursday. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03, FiscalAI reports. Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The firm had revenue of $15.30 million for the quarter, compared to analysts’ expectations of $16.27 million.

Byrna Technologies Stock Up 9.8%

Shares of NASDAQ:BYRN opened at $4.05 on Thursday. Byrna Technologies has a 52-week low of $3.16 and a 52-week high of $30.62. The stock has a market cap of $94.81 million, a P/E ratio of -22.50 and a beta of 1.70. The business’s 50 day moving average is $3.84 and its 200 day moving average is $5.28.

Insiders Place Their Bets

In related news, Chairman TJ Kennedy bought 29,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $3.53 per share, with a total value of $102,370.00. Following the completion of the transaction, the chairman directly owned 29,000 shares of the company’s stock, valued at $102,370. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris Reed purchased 8,150 shares of the company’s stock in a transaction on Friday, July 24th. The shares were bought at an average price of $3.63 per share, with a total value of $29,584.50. Following the completion of the transaction, the director owned 61,720 shares of the company’s stock, valued at approximately $224,043.60. The trade was a 15.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 71,258 shares of company stock worth $261,855. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BYRN. Wall Street Zen downgraded Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Roth Capital downgraded Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a research report on Friday, July 10th. Zacks Research upgraded shares of Byrna Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, B. Riley Financial reduced their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Byrna Technologies presently has an average rating of “Moderate Buy” and an average price target of $7.88.

Read Our Latest Analysis on BYRN

Byrna Technologies Company Profile

(Get Free Report)

Byrna Technologies Inc is a personal-security company that develops and sells less-lethal protection products for consumers, security professionals and law enforcement agencies. The company’s product portfolio is centered on handheld launchers designed to provide an alternative to conventional firearms for personal protection and other security applications.

Byrna’s products include compact launchers, projectiles and related accessories. Its ammunition offerings include chemical-irritant rounds, kinetic-impact rounds and inert training rounds, while its product line also includes replacement parts, holsters, storage products and other accessories.

Further Reading

Earnings History for Byrna Technologies (NASDAQ:BYRN)

Receive News & Ratings for Byrna Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Byrna Technologies and related companies with MarketBeat.com's FREE daily email newsletter.