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

Ballantyne Strong, Inc (NYSEAMERICAN:BTNGet Rating)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.41. Ballantyne Strong shares last traded at $2.41, with a volume of 18,473 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Ballantyne Strong from a “c” rating to a “d+” rating in a research report on Wednesday, August 3rd.

Ballantyne Strong Stock Performance

The stock has a market capitalization of $46.84 million, a PE ratio of 2.56 and a beta of 1.20.

Insider Transactions at Ballantyne Strong

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

Institutional Investors Weigh In On Ballantyne Strong

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Ballantyne Strong by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 756,919 shares of the consumer goods maker’s stock valued at $2,331,000 after purchasing an additional 12,149 shares in the last quarter. State Street Corp increased its stake in Ballantyne Strong by 18.7% in the first quarter. State Street Corp now owns 32,123 shares of the consumer goods maker’s stock valued at $99,000 after purchasing an additional 5,059 shares in the last quarter. Gator Capital Management LLC increased its position in shares of Ballantyne Strong by 204.6% during the first quarter. Gator Capital Management LLC now owns 35,133 shares of the consumer goods maker’s stock worth $108,000 after acquiring an additional 23,600 shares in the last quarter. Finally, Shufro Rose & Co. LLC increased its position in shares of Ballantyne Strong by 303.8% during the first quarter. Shufro Rose & Co. LLC now owns 60,563 shares of the consumer goods maker’s stock worth $187,000 after acquiring an additional 45,563 shares in the last quarter. Institutional investors own 17.59% of the company’s stock.

Ballantyne Strong Company Profile

(Get Rating)

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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