Baylin Technologies (TSE:BYL) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Baylin Technologies Inc. (TSE:BYL) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.39 and traded as low as C$0.25. Baylin Technologies shares last traded at C$0.28, with a volume of 12,500 shares.

Wall Street Analyst Weigh In

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

Baylin Technologies Trading Up 7.8 %

The firm has a fifty day moving average of C$0.30 and a 200 day moving average of C$0.39. The firm has a market capitalization of C$43.59 million, a PE ratio of -2.96 and a beta of 1.29. The company has a debt-to-equity ratio of -559.58, a quick ratio of 0.46 and a current ratio of 0.86.

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.