Byrna Technologies (NASDAQ:BYRN) Sets New 12-Month High – Should You Buy?

Byrna Technologies Inc. (NASDAQ:BYRN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $31.50 and last traded at $30.82, with a volume of 193785 shares traded. The stock had previously closed at $29.40.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 price objective 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Stock Up 2.8 %

The stock has a fifty day moving average price of $25.14 and a 200-day moving average price of $17.49. The firm has a market cap of $728.03 million, a price-to-earnings ratio of 355.48 and a beta of 1.67.

Institutional Investors Weigh In On Byrna Technologies

Institutional investors have recently modified their holdings of the company. Walleye Capital LLC raised its stake in Byrna Technologies by 1.3% in the 3rd quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock valued at $889,000 after purchasing an additional 665 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Byrna Technologies in the third quarter valued at approximately $34,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after buying an additional 2,021 shares during the period. Quest Partners LLC purchased a new position in shares of Byrna Technologies during the third quarter valued at approximately $46,000. Finally, Dimensional Fund Advisors LP boosted its position in Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.