Ballantyne Strong (NYSEAMERICAN:BTN) Shares Pass Above 200-Day Moving Average of $0.00

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Ballantyne Strong Inc (NYSEAMERICAN:BTN)’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 $2.79. Ballantyne Strong shares last traded at $2.79, with a volume of 100 shares traded.

Ballantyne Strong (NYSEAMERICAN:BTN) last released its earnings results on Wednesday, August 14th. The consumer goods maker reported ($0.24) EPS for the quarter. The firm had revenue of $14.27 million for the quarter.

In related news, Director Global Investors Fundamental acquired 8,189 shares of Ballantyne Strong stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of $3.30 per share, for a total transaction of $27,023.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 310,479 shares of company stock valued at $937,243 in the last quarter.

An institutional investor recently raised its position in Ballantyne Strong stock. Renaissance Technologies LLC raised its holdings in shares of Ballantyne Strong Inc (NYSEAMERICAN:BTN) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,903 shares of the consumer goods maker’s stock after acquiring an additional 22,774 shares during the quarter. Renaissance Technologies LLC owned approximately 4.06% of Ballantyne Strong worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

Ballantyne Strong Company Profile (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Cinema, Convergent, and Strong Outdoor. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment.

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