BK Technologies (BKTI) Expected to Announce Earnings on Monday

BK Technologies (NYSEAMERICAN:BKTI) is expected to be releasing its earnings data before the market opens on Monday, March 24th. Analysts expect BK Technologies to post earnings of $0.35 per share and revenue of $16.80 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

BK Technologies Trading Down 0.2 %

Shares of BKTI stock traded down $0.07 on Friday, hitting $31.88. The stock had a trading volume of 7,309 shares, compared to its average volume of 32,060. The company has a market capitalization of $113.49 million, a PE ratio of 23.27 and a beta of 1.22. BK Technologies has a 1 year low of $11.67 and a 1 year high of $38.70.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BK Technologies stock. Bank of America Corp DE increased its position in BK Technologies Co. (NYSEAMERICAN:BKTI) by 3,882.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 916 shares of the company’s stock after purchasing an additional 893 shares during the period. Bank of America Corp DE’s holdings in BK Technologies were worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 55.05% of the company’s stock.

Analyst Ratings Changes

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

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).