Baylin Technologies (TSE:BYL) Rating Reiterated by Raymond James

Raymond James reissued their market perform rating on shares of Baylin Technologies (TSE:BYL) in a research note published on Thursday morning, BayStreet.CA reports. They currently have a C$2.80 price objective on the stock.

A number of other research firms have also recently commented on BYL. National Bank Financial cut Baylin Technologies from an outperform rating to a sector perform rating and cut their price objective for the company from C$6.00 to C$2.75 in a research report on Thursday. Cormark cut Baylin Technologies from a buy rating to a market perform rating in a research report on Thursday.

Baylin Technologies stock opened at C$2.46 on Thursday. The stock has a market capitalization of $99.07 million and a PE ratio of -18.22. Baylin Technologies has a 12 month low of C$2.02 and a 12 month high of C$4.50. The business has a 50 day simple moving average of C$3.22 and a 200-day simple moving average of C$3.67. The company has a debt-to-equity ratio of 90.15, a current ratio of 1.58 and a quick ratio of 0.98.

Baylin Technologies (TSE:BYL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.04. The business had revenue of C$47.83 million during the quarter, compared to analysts’ expectations of C$39.30 million. On average, equities research analysts anticipate that Baylin Technologies will post 0.3 EPS for the current fiscal year.

Baylin Technologies Company Profile

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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