Baylin Technologies (TSE:BYL) Shares Down 12.8% – What’s Next?

Baylin Technologies Inc. (TSE:BYL)’s share price traded down 12.8% on Friday . The stock traded as low as C$0.21 and last traded at C$0.21. 56,299 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 35,041 shares. The stock had previously closed at C$0.24.

Analysts Set New Price Targets

Separately, Raymond James Financial dropped 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 note on Friday, March 21st.

Baylin Technologies Trading Down 8.5%

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 stock has a market capitalization of C$34.08 million, a P/E ratio of -2.31 and a beta of 1.29. The firm’s fifty day simple moving average is C$0.26 and its 200 day simple moving average is C$0.31.

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.