BK Technologies (BKTI) to Release Earnings on Thursday

BK Technologies (NYSEAMERICAN:BKTI) is projected to post its quarterly earnings results before the market opens on Thursday, March 27th. Analysts expect BK Technologies to post earnings of $0.35 per share and revenue of $16.80 million for the quarter.

BK Technologies Stock Performance

Shares of BK Technologies stock traded up $1.53 on Thursday, hitting $31.95. The stock had a trading volume of 9,864 shares, compared to its average volume of 32,276. The company has a market capitalization of $113.74 million, a P/E ratio of 23.32 and a beta of 1.22. BK Technologies has a 52-week low of $11.67 and a 52-week high of $38.70.

Wall Street Analyst Weigh In

Separately, Lake Street Capital started coverage on BK Technologies in a report on Friday, February 14th. They issued a “buy” rating and a $40.00 price objective for the company.

Institutional Trading of BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bank of America Corp DE lifted its position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916 shares of the company’s stock after acquiring an additional 893 shares during the quarter. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 at the end of the most recent quarter. Institutional investors own 55.05% of the company’s stock.

About BK Technologies

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).