Baylin Technologies (TSE:BYL) Reaches New 52-Week Low at $1.96

Shares of Baylin Technologies Inc (TSE:BYL) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.96 and last traded at C$1.97, with a volume of 248655 shares trading hands. The stock had previously closed at C$2.01.

Several equities research analysts have issued reports on the stock. Raymond James reiterated a “market perform” rating and issued a C$2.80 price target on shares of Baylin Technologies in a research note on Thursday, September 19th. National Bank Financial lowered shares of Baylin Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$6.00 to C$2.75 in a research note on Thursday, September 19th. Finally, Cormark lowered shares of Baylin Technologies from a “buy” rating to a “market perform” rating in a research note on Thursday, September 19th.

The company has a market capitalization of $81.07 million and a price-to-earnings ratio of -14.59. The firm’s 50 day moving average price is C$2.47 and its two-hundred day moving average price is C$3.38. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 90.15.

Baylin Technologies (TSE:BYL) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The firm had revenue of C$47.83 million for the quarter, compared to analyst estimates of C$39.30 million. As a group, equities research analysts predict that Baylin Technologies Inc will post 0.11 EPS for the current year.

Baylin Technologies Company Profile (TSE:BYL)

Baylin Technologies Inc, through its subsidiaries, engages in the research, designs, development, manufacture, and sale of a range of passive and active radio frequency (RF) and terrestrial microwave products in the North American and Asia. It offers embedded antennas for use in handsets, tablets, and other mobile devices; device-specific antenna designs for Wi-Fi routers; gateway devices for smart home connectivity, set-top boxes, and land mobile radio products; and indoor and outdoor distributed antenna systems (DAS), and small cell system antennas.

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