Ballantyne Strong (NYSEAMERICAN:BTN) Stock Crosses Above 200 Day Moving Average of $0.00

Ballantyne Strong, Inc (NYSEAMERICAN:BTN – Get Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $2.51. Ballantyne Strong shares last traded at $2.37, with a volume of 58,127 shares changing hands.

The company has a market cap of $45.63 million, a price-to-earnings ratio of 2.52 and a beta of 1.20.

Ballantyne Strong (NYSEAMERICAN:BTN – Get Rating) last announced its quarterly earnings results on Thursday, March 24th. The consumer goods maker reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $10.05 million for the quarter. Ballantyne Strong had a net margin of 72.56% and a return on equity of 0.84%.

In other news, major shareholder Fundamental Global Gp, Llc purchased 19,582 shares of Ballantyne Strong stock in a transaction dated Wednesday, June 15th. The stock was acquired at an average cost of $2.52 per share, for a total transaction of $49,346.64. Following the acquisition, the insider now directly owns 4,051,416 shares in the company, valued at $10,209,568.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of BTN. Gator Capital Management LLC bought a new position in Ballantyne Strong in the 4th quarter worth approximately $33,000. Shufro Rose & Co. LLC increased its position in Ballantyne Strong by 303.8% in the 1st quarter. Shufro Rose & Co. LLC now owns 60,563 shares of the consumer goods maker’s stock worth $187,000 after buying an additional 45,563 shares during the period. Dimensional Fund Advisors LP increased its position in Ballantyne Strong by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 756,919 shares of the consumer goods maker’s stock worth $2,331,000 after buying an additional 12,149 shares during the period. Finally, State Street Corp increased its position in Ballantyne Strong by 18.7% in the 1st quarter. State Street Corp now owns 32,123 shares of the consumer goods maker’s stock worth $99,000 after buying an additional 5,059 shares during the period. Hedge funds and other institutional investors own 17.59% of the company’s stock.

About Ballantyne Strong (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc operates in the entertainment industry worldwide. The company manufactures and distributes projection screens and customized screen support systems directly, as well as through third-party distributors and integrators. It also distributes other products and provides technical support services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets.

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