Byrna Technologies (NASDAQ:BYRN) Reaches New 52-Week High – Here’s Why

Byrna Technologies Inc. (NASDAQ:BYRN) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.58 and last traded at $32.42, with a volume of 203638 shares traded. The stock had previously closed at $31.14.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Byrna Technologies currently has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Trading Down 1.4 %

The stock’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $18.11. The company has a market cap of $698.50 million, a price-to-earnings ratio of 341.04 and a beta of 1.67.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors and hedge funds have recently modified their holdings of BYRN. nVerses Capital LLC acquired a new stake in shares of Byrna Technologies during the 3rd quarter valued at approximately $34,000. Quest Partners LLC purchased a new position in shares of Byrna Technologies in the 3rd quarter worth about $46,000. SG Americas Securities LLC purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at about $134,000. MetLife Investment Management LLC boosted its stake in shares of Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after purchasing an additional 6,061 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new stake in Byrna Technologies during the 4th quarter worth approximately $353,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

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.