Capital Research Global Investors Sells 501,070 Shares of Byrna Technologies Inc. $BYRN

Capital Research Global Investors lowered its position in Byrna Technologies Inc. (NASDAQ:BYRN) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,405,931 shares of the company’s stock after selling 501,070 shares during the period. Capital Research Global Investors owned 6.20% of Byrna Technologies worth $23,606,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AIGH Capital Management LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $6,630,000. Pinnacle Associates Ltd. bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $1,937,000. UBS Group AG lifted its holdings in shares of Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares in the last quarter. Penn Capital Management Company LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $2,785,000. Finally, Militia Capital Partners LP bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $2,083,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Trading Up 2.3%

Shares of BYRN opened at $6.25 on Wednesday. The company has a market capitalization of $141.81 million, a price-to-earnings ratio of 17.36 and a beta of 1.81. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $11.84. Byrna Technologies Inc. has a 12 month low of $4.84 and a 12 month high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that Byrna Technologies Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BYRN shares. New Street Research set a $7.50 target price on Byrna Technologies in a report on Friday, April 10th. Roth Mkm dropped their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. B. Riley Financial dropped their target price on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Craig Hallum lowered Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $12.13.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.