Raymond James Cuts Baylin Technologies (TSE:BYL) Price Target to C$0.40

Baylin Technologies (TSE:BYL) had its price target dropped by equities research analysts at Raymond James from C$0.50 to C$0.40 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 53.85% from the stock’s current price.

Baylin Technologies Stock Up 8.3 %

Shares of BYL stock traded up C$0.02 during trading hours on Friday, reaching C$0.26. The company had a trading volume of 16,000 shares, compared to its average volume of 26,228. The company has a market capitalization of C$41.22 million, a P/E ratio of -2.80 and a beta of 1.29. The stock’s fifty day simple moving average is C$0.32 and its 200 day simple moving average is C$0.39. The company has a debt-to-equity ratio of -559.58, a quick ratio of 0.46 and a current ratio of 0.86. Baylin Technologies has a twelve month low of C$0.22 and a twelve month high of C$0.60.

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.