Baylin Technologies (TSE:BYL) Shares Down 14.1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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 Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.46 and a debt-to-equity ratio of 6,925.42. The company has a market cap of C$51.38 million, a price-to-earnings ratio of -2.43 and a beta of 1.29. The firm has a 50-day moving average price of C$0.41 and a 200 day moving average price of C$0.37.

Baylin Technologies (TSE:BYL) last released its earnings results on Wednesday, November 6th. The company reported C($0.01) earnings per share 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 last year, the business earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Baylin Technologies Inc. will post 0.0064781 EPS for the current year.

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.