Byrna Technologies (NASDAQ:BYRN) Shares Gap Up – Time to Buy?

Byrna Technologies Inc. (NASDAQ:BYRN) gapped up before the market opened on Wednesday . The stock had previously closed at $23.81, but opened at $25.30. Byrna Technologies shares last traded at $22.41, with a volume of 119,034 shares trading hands.

Byrna Technologies Stock Performance

The company’s fifty day simple moving average is $28.71 and its two-hundred day simple moving average is $21.44. The company has a market capitalization of $517.94 million, a price-to-earnings ratio of 42.35 and a beta of 1.64.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. Sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Activity at Byrna Technologies

In other news, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 19,148 shares of the company’s stock, valued at approximately $578,078.12. This represents a 63.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lisa Wager sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the transaction, the insider now owns 212,055 shares of the company’s stock, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors have recently added to or reduced their stakes in BYRN. State of Wyoming acquired a new position in shares of Byrna Technologies during the 4th quarter valued at $180,000. Malaga Cove Capital LLC acquired a new position in Byrna Technologies during the fourth quarter worth about $236,000. Man Group plc acquired a new position in Byrna Technologies during the fourth quarter worth about $1,779,000. Nuveen Asset Management LLC raised its position in Byrna Technologies by 1,039.5% in the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company’s stock worth $7,670,000 after acquiring an additional 242,875 shares in the last quarter. Finally, Occudo Quantitative Strategies LP lifted its holdings in Byrna Technologies by 12.5% in the 4th quarter. Occudo Quantitative Strategies LP now owns 18,641 shares of the company’s stock valued at $537,000 after acquiring an additional 2,067 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.