Ballantyne Strong (NYSEAMERICAN:BTN) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a report issued on Thursday.

Shares of Ballantyne Strong (NYSEAMERICAN:BTN) opened at $4.40 on Thursday. Ballantyne Strong has a 52-week low of $4.05 and a 52-week high of $8.10.

Ballantyne Strong (NYSEAMERICAN:BTN) last announced its quarterly earnings data on Monday, November 6th. The consumer goods maker reported ($0.07) EPS for the quarter. Ballantyne Strong had a negative return on equity of 9.29% and a negative net margin of 1.45%. The firm had revenue of $12.81 million during the quarter.

Several hedge funds have recently made changes to their positions in BTN. CWA Asset Management Group LLC lifted its position in shares of Ballantyne Strong by 25.1% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,031,090 shares of the consumer goods maker’s stock worth $6,908,000 after acquiring an additional 206,839 shares during the period. Vanguard Group Inc. lifted its position in shares of Ballantyne Strong by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 490,494 shares of the consumer goods maker’s stock worth $3,286,000 after acquiring an additional 41,105 shares during the period. Prudential Financial Inc. bought a new stake in shares of Ballantyne Strong in the 2nd quarter worth approximately $239,000. Dimensional Fund Advisors LP lifted its position in shares of Ballantyne Strong by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,032,593 shares of the consumer goods maker’s stock worth $6,918,000 after acquiring an additional 15,320 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Ballantyne Strong by 1.5% in the 2nd quarter. New York State Common Retirement Fund now owns 336,535 shares of the consumer goods maker’s stock worth $2,255,000 after acquiring an additional 4,823 shares during the period.

ILLEGAL ACTIVITY NOTICE: “TheStreet Downgrades Ballantyne Strong (BTN) to D+” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/09/thestreet-downgrades-ballantyne-strong-btn-to-d.html.

About Ballantyne Strong

Ballantyne Strong, Inc is a holding company. The Company’s business activities focus on serving the cinema, retail, financial and government markets. The Company and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers.

Receive News & Ratings for Ballantyne Strong Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballantyne Strong Inc and related companies with MarketBeat.com's FREE daily email newsletter.