Byrna Technologies (NASDAQ:BYRN) Announces Earnings Results, Misses Expectations By $0.05 EPS

Byrna Technologies (NASDAQ:BYRN - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.05), FiscalAI reports. The business had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.Get Byrna Technologies alerts:Byrna Technologies Price PerformanceMarketBeat Week in Review – 07/28 - 08/01Shares of BYRN opened at $9.20 on Thursday. The firm has a market cap of $208.75 million, a PE ratio of 23.00 and a beta of 2.46. The stock's fifty day moving average price is $11.40 and its two-hundred day moving average price is $16.31. Byrna Technologies has a 1 year low of $8.75 and a 1 year high of $34.30. Wall Street Analyst Weigh InA number of analysts recently commented on BYRN shares. Texas Capital upgraded Byrna Technologies to a "strong-buy" rating in a report on Tuesday, March 24th. B. Riley Financial lowered their target price on Byrna Technologies from $46.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, March 10th. Finally, Craig Hallum restated a "buy" rating and issued a $18.00 target price on shares of Byrna Technologies in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $29.67.Why Byrna Could Be the Top Defense Stock to Watch NowRead Our Latest Stock Analysis on BYRNHedge Funds Weigh In On Byrna TechnologiesSeveral hedge funds have recently made changes to their positions in BYRN. Royal Bank of Canada grew its position in shares of Byrna Technologies by 21.3% in the first quarter. Royal Bank of Canada now owns 23,373 shares of the company's stock valued at $393,000 after purchasing an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company's stock valued at $174,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC grew its position in shares of Byrna Technologies by 247.9% in the first quarter. Millennium Management LLC now owns 326,670 shares of the company's stock valued at $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Byrna Technologies in the first quarter valued at $173,000. Finally, Strs Ohio purchased a new position in shares of Byrna Technologies in the first quarter valued at $113,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors. About Byrna Technologies (Get Free Report)5 aerospace and defense stocks under $5Byrna Technologies, Inc NASDAQ: BYRN designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company's flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense. In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.Further ReadingFive stocks we like better than Byrna TechnologiesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Byrna Technologies Right Now?Before you consider Byrna Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Byrna Technologies wasn't on the list.While Byrna Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here