Baylin Technologies (TSE:BYL) Trading Down 8.5% – Here’s What Happened

Shares of Baylin Technologies Inc. (TSE:BYL) were down 8.5% during mid-day trading on Tuesday . The company traded as low as C$0.27 and last traded at C$0.27. 394,327 shares traded hands during trading, an increase of 482% from the average session volume of 67,774 shares. The stock had previously closed at C$0.29.

Baylin Technologies Price Performance

The firm has a market capitalization of C$74.98 million, a P/E ratio of -7.12 and a beta of -0.28. The business has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.27. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of -175.54.

Baylin Technologies (TSE:BYL) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. Baylin Technologies had a positive return on equity of 45.54% and a negative net margin of 6.74%.The firm had revenue of C$16.06 million during the quarter. On average, sell-side analysts predict that Baylin Technologies Inc. will post 0.0064781 earnings per share for the current fiscal year.

Baylin Technologies Company Profile

Baylin Technologies Inc is a diversified wireless technology management company. It focuses on the research, design, development, manufacturing, and sales of passive and active radio frequency and terrestrial microwave products and services.