Baylin Technologies (TSE:BYL) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Baylin Technologies Inc. (TSE:BYL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.31 and traded as low as C$0.20. Baylin Technologies shares last traded at C$0.22, with a volume of 290,799 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James Financial dropped their target price 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 Stock Down 8.5%

The firm has a market cap of C$34.08 million, a price-to-earnings ratio of -2.31 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 business’s 50-day moving average is C$0.26 and its 200-day moving average is 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.