Baylin Technologies (TSE:BYL) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Baylin Technologies Inc. (TSE:BYL)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.37 and traded as low as C$0.27. Baylin Technologies shares last traded at C$0.30, with a volume of 21,000 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their price objective 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 Stock Performance

The stock has a market cap of C$46.76 million, a price-to-earnings ratio of -3.18 and a beta of 1.29. 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 firm has a fifty day simple moving average of C$0.28 and a 200-day simple moving average of C$0.37.

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.