Baylin Technologies (TSE:BYL) Reaches New 52-Week Low – Here’s What Happened

Baylin Technologies Inc. (TSE:BYL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.22 and last traded at C$0.20, with a volume of 336000 shares trading hands. The stock had previously closed at C$0.22.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered their price target on shares of Baylin Technologies from C$0.50 to C$0.40 and set a “market perform” rating on the stock in a report on Friday, March 21st.

Baylin Technologies Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.46 and a debt-to-equity ratio of -559.58. The company has a 50 day moving average of C$0.26 and a 200-day moving average of C$0.31. The firm has a market capitalization of C$33.29 million, a P/E ratio of -2.26 and a beta of 1.29.

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.