Baylin Technologies (TSE:BYL) Shares Down 14.1% – Should You Sell?

Baylin Technologies Inc. (TSE:BYL) traded down 14.1% during mid-day trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.34. 103,597 shares traded hands during trading, an increase of 597% from the average session volume of 14,872 shares. The stock had previously closed at C$0.39.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective on Baylin Technologies from C$0.35 to C$0.50 in a report on Thursday, November 7th.

Baylin Technologies Price Performance

The firm’s 50-day moving average is C$0.41 and its 200 day moving average is C$0.37. The firm has a market capitalization of C$51.38 million, a PE ratio of -2.43 and a beta of 1.29. The company has a debt-to-equity ratio of 6,925.42, a quick ratio of 0.46 and a current ratio of 0.88.

Baylin Technologies (TSE:BYL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). Baylin Technologies had a negative net margin of 21.03% and a negative return on equity of 932.26%. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, research analysts forecast that Baylin Technologies Inc. will post 0.0064781 earnings per share for the current fiscal year.

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.