BK Technologies (NYSEAMERICAN:BKTI) Releases Quarterly Earnings Results

BK Technologies (NYSEAMERICAN:BKTIGet Free Report) posted its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, reports. BK Technologies had a negative return on equity of 13.66% and a negative net margin of 4.46%. The business had revenue of $16.31 million for the quarter.

BK Technologies Trading Up 4.7 %

BK Technologies stock opened at $12.82 on Friday. BK Technologies has a 12 month low of $8.79 and a 12 month high of $16.85. The company has a market capitalization of $44.36 million, a P/E ratio of -17.56 and a beta of 1.15.

Insider Activity at BK Technologies

In related news, major shareholder Fundamental Global Gp, Llc sold 13,906 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $12.49, for a total value of $173,685.94. Following the transaction, the insider now owns 256,028 shares in the company, valued at $3,197,789.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 25.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On BK Technologies

Several institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. purchased a new stake in shares of BK Technologies in the first quarter worth $2,574,000. Worth Venture Partners LLC increased its stake in BK Technologies by 10.8% in the first quarter. Worth Venture Partners LLC now owns 345,434 shares of the company’s stock valued at $881,000 after acquiring an additional 33,750 shares during the last quarter. Vanguard Group Inc. bought a new position in BK Technologies in the third quarter valued at $33,000. Geode Capital Management LLC increased its stake in BK Technologies by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 82,462 shares of the company’s stock valued at $273,000 after acquiring an additional 3,511 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in BK Technologies in the fourth quarter valued at $59,000. Hedge funds and other institutional investors own 30.58% of the company’s stock.

BK Technologies Company Profile

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BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) and related components. It offers KNG Series and BKR Series radios operate in both the P25 digital and analog modes which are used primarily in government, public safety, and military applications; and BK radio products for intellectual property applications.

Further Reading

Earnings History for BK Technologies (NYSEAMERICAN:BKTI)

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