Byrna Technologies (NASDAQ:BYRN) Trading 5.2% Higher – What’s Next?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price was up 5.2% during trading on Thursday . The company traded as high as $29.76 and last traded at $29.01. Approximately 47,795 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 351,964 shares. The stock had previously closed at $27.58.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $17.75.

Byrna Technologies Stock Performance

The company’s 50-day moving average price is $24.17 and its 200 day moving average price is $16.91. The stock has a market capitalization of $669.09 million, a P/E ratio of 326.70 and a beta of 1.67.

Hedge Funds Weigh In On Byrna Technologies

Large investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares in the last quarter. Millennium Management LLC boosted its position in shares of Byrna Technologies by 53.5% during the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock valued at $3,213,000 after acquiring an additional 112,262 shares during the last quarter. State Street Corp grew its holdings in shares of Byrna Technologies by 36.9% in the third quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after purchasing an additional 84,723 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in Byrna Technologies in the second quarter worth $2,693,000. Finally, Bank of New York Mellon Corp raised its stake in Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after purchasing an additional 59,738 shares in the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

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.