Byrna Technologies (NASDAQ:BYRN) Shares Gap Up – Time to Buy?

Byrna Technologies Inc. (NASDAQ:BYRN)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.81, but opened at $25.30. Byrna Technologies shares last traded at $22.41, with a volume of 119,034 shares traded.

Byrna Technologies Stock Performance

The business’s 50-day moving average is $28.98 and its 200-day moving average is $21.41. The company has a market capitalization of $497.69 million, a PE ratio of 40.91 and a beta of 1.65.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. Analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Activity

In related news, insider Luan Pham sold 33,483 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares of the company’s stock, valued at $578,078.12. This trade represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Wager sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction 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. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Several large investors have recently bought and sold shares of the business. Capital Research Global Investors purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at about $47,203,000. FMR LLC grew its position 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 during the period. Driehaus Capital Management LLC bought a new stake in Byrna Technologies in the 4th quarter worth approximately $9,304,000. Invesco Ltd. lifted its holdings in shares of Byrna Technologies by 72.4% during the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock valued at $20,099,000 after buying an additional 293,049 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Byrna Technologies by 1,039.5% in the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company’s stock worth $7,670,000 after buying an additional 242,875 shares during the last quarter. 25.46% of the stock is currently owned by 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.