Byrna Technologies (NASDAQ:BYRN) Releases Earnings Results, Beats Estimates By $0.12 EPS

Byrna Technologies (NASDAQ:BYRN) issued its quarterly earnings results on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12, Zacks reports. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%.

Byrna Technologies Stock Performance

Byrna Technologies stock traded up $3.23 during midday trading on Friday, hitting $30.73. 843,911 shares of the company’s stock were exchanged, compared to its average volume of 459,312. Byrna Technologies has a 12 month low of $7.79 and a 12 month high of $32.58. The company has a market cap of $699.32 million, a PE ratio of 341.44 and a beta of 1.65. The firm has a 50-day moving average of $26.90 and a two-hundred day moving average of $18.78.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $17.75.

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.