Baylin Technologies (TSE:BYL) Hits New 12-Month Low – Here’s What Happened

Shares of Baylin Technologies Inc. (TSE:BYL) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.20 and last traded at C$0.21, with a volume of 52505 shares traded. The stock had previously closed at C$0.22.

Analyst Ratings Changes

Separately, Raymond James dropped their target price on shares of Baylin Technologies from C$0.50 to C$0.40 and set a “market perform” rating on the stock in a research report on Friday, March 21st.

Baylin Technologies Stock Performance

The firm has a market cap of C$44.39 million, a PE ratio of -3.01 and a beta of 1.29. The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of -559.58. The company has a 50-day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.38.

Baylin Technologies Company Profile

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.