Zacks Investment Research downgraded shares of BALLANTYNE STRG (BTN) from OUTPERFORM to NEUTRAL on May 13, 2013, with a target price of $5.10.
Ballantyne is a provider of motion picture projection, digital cinema projection and specialty lighting equipment and services. It supplies major theater chains, top arenas, television and motion picture production studios, theme parks and architectural sites around the world. Formerly Ballantyne of Omaha, Inc., the company is a world-class manufacturer of commercial motion picture equipment and entertainment lighting systems. Marketed under the Strong brand name, the company's products enjoy worldwide recognition. It primarily operates within two business segments: theatre and lighting. The Company has three wholly owned operational subsidiaries: Strong Westrex, Inc., Strong Technical Services, Inc. and Strong Digital Systems, Inc.
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