Byrna Technologies (NASDAQ:BYRN) Posts Earnings Results, Beats Expectations By $0.05 EPS

Byrna Technologies (NASDAQ:BYRN) posted its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05, Zacks reports. The firm had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%.

Byrna Technologies Trading Up 9.3 %

Shares of NASDAQ BYRN traded up $1.54 during mid-day trading on Thursday, reaching $18.12. The company had a trading volume of 1,599,538 shares, compared to its average volume of 463,244. The firm has a 50 day simple moving average of $22.94 and a two-hundred day simple moving average of $22.24. Byrna Technologies has a 52-week low of $7.79 and a 52-week high of $34.78. The stock has a market cap of $410.82 million, a P/E ratio of 33.56 and a beta of 2.19.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $33.00 price target on shares of Byrna Technologies in a research report on Thursday, March 20th.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, insider Luan Pham sold 33,483 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the transaction, the insider now directly owns 19,148 shares of the company’s stock, valued at approximately $578,078.12. The trade was a 63.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Wager sold 12,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares of the company’s stock, valued at $6,230,175.90. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by insiders.

Byrna Technologies Company Profile

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.