Is This Stock a Screaming Buy: Ballantyne Strong, Inc (:BTN)

Equity Research firms currently have a positive stance on shares of Ballantyne Strong, Inc (:BTN). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $6.00 on a short term basis.

At the time of writing, the stock was trading at $6.85. This represents a change from the opening price of 0.00%. In terms of performance, year to date, the stock is 48.59%. The monthly stock performance comes in at 9.08%. For the quarter, shares are performing at 32.24%. Weekly performance analysis shows the equity at -0.15%.

In taking a look at technical levels, shares are trading 13.53% away from the 50 day simple moving average and 36.30% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -4.06% away from it’s 52- week high and 71.25% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Ballantyne Strong, Inc’s RSI stands at 63.28. In looking at volatility levels, the shares saw weekly volatility of 3.16% and 4.25% over the past month.

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