Baylin Technologies (TSE:BYL) Shares Down 6.7% – Time to Sell?

Baylin Technologies Inc. (TSE:BYL) fell 6.7% during mid-day trading on Friday . The company traded as low as C$0.21 and last traded at C$0.21. 154,609 shares were traded during trading, an increase of 327% from the average session volume of 36,194 shares. The stock had previously closed at C$0.23.

Analyst Ratings Changes

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

Baylin Technologies Price Performance

The stock has a market cap of C$33.29 million, a price-to-earnings ratio of -2.26 and a beta of 1.29. The company has a debt-to-equity ratio of -559.58, a quick ratio of 0.46 and a current ratio of 0.86. The company has a 50-day simple moving average of C$0.26 and a two-hundred day simple moving average of C$0.31.

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.