Baylin Technologies (TSE:BYL) Trading Down 14.1% – What’s Next?

Baylin Technologies Inc. (TSE:BYL) traded down 14.1% during mid-day trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.34. 103,597 shares changed hands during trading, an increase of 597% from the average session volume of 14,872 shares. The stock had previously closed at C$0.39.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price objective on Baylin Technologies from C$0.35 to C$0.50 in a report on Thursday, November 7th.

Baylin Technologies Stock Down 12.8 %

The stock has a market cap of C$51.38 million, a P/E ratio of -2.43 and a beta of 1.29. The company has a quick ratio of 0.46, a current ratio of 0.88 and a debt-to-equity ratio of 6,925.42. The company has a 50-day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.38.

Baylin Technologies (TSE:BYL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01). Baylin Technologies had a negative net margin of 21.03% and a negative return on equity of 932.26%. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, equities analysts forecast that Baylin Technologies Inc. will post 0.0064781 EPS for the current year.

About Baylin Technologies

Baylin Technologies Inc is a diversified global wireless technology company. The Company is focused on the research, design, development, manufacture and sale of passive and active radiofrequency (RF) products, satellite communications products, and supporting services. Its products are marketed and sold under the brand names Galtronics, Advantech Wireless, Alga Microwave and Mitec VSAT.