Ballantyne Strong (NYSEAMERICAN:BTN) Trading 8.9% Higher

Ballantyne Strong, Inc (NYSEAMERICAN:BTN)’s share price traded up 8.9% on Thursday . The stock traded as high as $2.04 and last traded at $2.01. 110,828 shares were traded during mid-day trading, an increase of 109% from the average session volume of 53,136 shares. The stock had previously closed at $1.85.

Ballantyne Strong (NYSEAMERICAN:BTN) last released its earnings results on Thursday, November 12th. The consumer goods maker reported ($0.11) earnings per share for the quarter. The firm had revenue of $9.91 million for the quarter.

A hedge fund recently raised its stake in Ballantyne Strong stock. Bridgeway Capital Management Inc. raised its holdings in Ballantyne Strong, Inc (NYSEAMERICAN:BTN) by 73.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,900 shares of the consumer goods maker’s stock after acquiring an additional 50,000 shares during the quarter. Bridgeway Capital Management Inc. owned about 0.80% of Ballantyne Strong worth $193,000 at the end of the most recent quarter.

About Ballantyne Strong (NYSEAMERICAN:BTN)

Ballantyne Strong, Inc and its subsidiaries engage in various business activities focused on serving the entertainment, retail, financial, advertising, and government markets worldwide. It operates in three segments: Strong Entertainment, Convergent, and Strong Outdoor. The Strong Entertainment segment manufactures projection screens and customized screen support systems; and manufactures and distributes screens to theme parks, museums, and schools as well as for special events.

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