Byrna Technologies Inc. (NASDAQ:BYRN) is listed among the 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. The company manufactures less-lethal equipment for personal security and law enforcement agencies. In March, Byrna announced the opening of a new ammunition manufacturing facility in Indiana, positioning it to meet growing demand with a capacity to produce 8 million rounds annually.

On July 10, Byrna reported strong second-quarter results, with revenue up 41% year-over-year to $28.5 million. Despite this, the stock price fell by 29% post-earnings call, indicating a ‘sell the news’ reaction from investors. BYRN shares have been volatile in 2025, down 20% YTD but showing significant growth between April and July.

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Read more at Yahoo Finance: Here Is What You Need To Know Before Investing In Byrna Technologies Inc. (BYRN)