Ballantyne Strong (NYSE:BTN) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Ballantyne Strong (NYSE:BTN – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Ballantyne Strong Trading Down 1.1 %

Shares of BTN opened at $2.58 on Wednesday. The business has a fifty day moving average price of $2.58. Ballantyne Strong has a twelve month low of $1.93 and a twelve month high of $3.43. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 0.11. The stock has a market cap of $50.23 million, a price-to-earnings ratio of -5.49 and a beta of 1.36.

Hedge Funds Weigh In On Ballantyne Strong

An institutional investor recently raised its position in Ballantyne Strong stock. Dimensional Fund Advisors LP increased its stake in Ballantyne Strong, Inc (NYSE:BTN – Get Rating) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 835,773 shares of the company’s stock after purchasing an additional 13,312 shares during the quarter. Dimensional Fund Advisors LP owned about 4.29% of Ballantyne Strong worth $1,730,000 at the end of the most recent quarter. Institutional investors own 12.58% of the company’s stock.

About Ballantyne Strong

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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.