Byrna Technologies (NASDAQ: BYRN) announced its quarterly earnings on Thursday, reporting an earnings per share (EPS) of $0.14. This result exceeded the consensus estimate of $0.13 by $0.01, according to data from Zacks. The company’s return on equity stood at 18.13%, while its net margin was recorded at 14.43%.
Following the earnings release, shares of Byrna Technologies saw a notable increase, rising by $0.65 to reach $12.87. The trading volume reached 1,296,760 shares, significantly higher than the company’s average volume of 564,256. Byrna Technologies now holds a market capitalization of $292.54 million, a price-to-earnings (P/E) ratio of 19.27, and a beta of 2.29. The stock has fluctuated between a 12-month low of $11.13 and a 12-month high of $34.78, with its 50-day moving average at $16.93 and 200-day moving average at $19.35.
Institutional Investment Activity
Recent modifications in institutional holdings reflect increasing interest in Byrna Technologies. Russell Investments Group Ltd. raised its stake by 89.6% during the third quarter, now owning 2,215 shares valued at $49,000 after acquiring an additional 1,047 shares. Quarry LP also entered the scene, purchasing a new position during the same quarter valued at approximately $70,000.
Tower Research Capital LLC expanded its stake by 178.5% in the second quarter, bringing its total to 3,058 shares worth $94,000 after acquiring another 1,960 shares. Other institutional investors, including Strs Ohio and Dynamic Technology Lab Private Ltd., also made new acquisitions during the first quarter, valued at $113,000 and $173,000, respectively. Overall, institutional investors now hold 25.46% of Byrna Technologies’ stock.
About Byrna Technologies
Byrna Technologies specializes in designing, developing, and marketing non-lethal personal security devices. Its flagship products, such as the Byrna SD and Byrna HD launchers, utilize proprietary kinetic and irritant cartridges, offering alternatives to traditional firearms. The company also manufactures the Byrna Air, a CO2-powered variant suitable for close-quarters defense.
In addition to its self-defense launchers, Byrna Technologies provides a range of consumables and accessories, including cartridges filled with pepper-based irritants, inert training rounds, holsters, and speed loaders. This comprehensive product portfolio underscores the company’s commitment to offering innovative security solutions.
Byrna Technologies continues to attract attention in the market, reflecting a growing interest in non-lethal defense options. As the company moves forward, its ability to navigate market dynamics and investor sentiment will be crucial for its future growth.
