Baylin Technologies (TSE:BYL) Trading Down 6.7% – Should You Sell?

Shares of Baylin Technologies Inc. (TSE:BYL) were down 6.7% during mid-day trading on Friday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 154,609 shares traded hands during trading, an increase of 327% from the average daily volume of 36,194 shares. The stock had previously closed at C$0.23.

Wall Street Analysts Forecast Growth

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

Baylin Technologies Stock Down 6.7%

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

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.