Ballantyne Strong (BTN) Announces Quarterly Earnings, Misses Expectations By $0.06 EPS
Ballantyne Strong (NYSE:BTN) announced its earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.06, StockRatingsNetwork.com reports. The company had revenue of $22.02 million for the quarter, compared to the consensus estimate of $28.49 million.
Ballantyne Strong (NYSE:BTN) traded down 10.29% on Thursday, hitting $4.055. 37,659 shares of the company’s stock traded hands. Ballantyne Strong has a one year low of $3.91 and a one year high of $5.15. The stock has a 50-day moving average of $4.66 and a 200-day moving average of $4.70. The company has a market cap of $56.8 million and a P/E ratio of 452.00.
Ballantyne Strong, Inc (NYSE:BTN), formerly Ballantyne of Omaha, Inc, is a manufacturer, distributor and service provider to the theatre exhibition industry on a worldwide basis.
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