Ballantyne Strong (NYSEAMERICAN:BTN) Shares Up 10.8%

Ballantyne Strong Inc (NYSEAMERICAN:BTN) shot up 10.8% on Monday . The company traded as high as $3.00 and last traded at $2.83, 423,823 shares traded hands during trading. An increase of 1,488% from the average session volume of 26,689 shares. The stock had previously closed at $2.55.

Ballantyne Strong (NYSEAMERICAN:BTN) last released its quarterly 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 during the quarter.

In other Ballantyne Strong news, Director Global Investors Fundamental bought 15,296 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $2.61 per share, for a total transaction of $39,922.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 274,290 shares of company stock worth $824,712.

A hedge fund recently bought a new stake in Ballantyne Strong stock. Dalton Greiner Hartman Maher & Co. bought a new stake in Ballantyne Strong Inc (NYSEAMERICAN:BTN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 218,600 shares of the consumer goods maker’s stock, valued at approximately $680,000. Dalton Greiner Hartman Maher & Co. owned approximately 1.51% of Ballantyne Strong as of its most recent filing with the SEC.

About Ballantyne Strong (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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