Baylin Technologies (TSE:BYL) Shares Cross Below 200-Day Moving Average of $0.36

Shares of Baylin Technologies Inc. (TSE:BYL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.36 and traded as low as C$0.23. Baylin Technologies shares last traded at C$0.23, with a volume of 38,812 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price target on Baylin Technologies from C$0.65 to C$0.50 in a research report on Friday, August 11th.

Baylin Technologies Stock Performance

The stock has a 50-day simple moving average of C$0.29 and a 200-day simple moving average of C$0.36. The company has a debt-to-equity ratio of 6,925.42, a current ratio of 0.78 and a quick ratio of 0.46. The stock has a market cap of C$20.35 million, a PE ratio of -1.64 and a beta of 1.20.

Baylin Technologies (TSE:BYL) last posted its quarterly earnings results on Wednesday, August 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.03. Baylin Technologies had a negative return on equity of 932.26% and a negative net margin of 10.81%. The firm had revenue of C$25.27 million during the quarter. Equities analysts predict that Baylin Technologies Inc. will post 0.0041081 earnings per share for the current fiscal year.

Baylin Technologies Company Profile

Baylin Technologies Inc, together with its subsidiaries, researches, designs, develops, manufactures, and sells passive and active radio frequency (RF) products, satellite communications products, and supporting services. It offers embedded antennas for use in smartphones, tablets, and other mobile devices; device-specific antennas for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products.