Baylin Technologies (TSE:BYL) Downgraded by Cormark to Market Perform

Baylin Technologies (TSE:BYL) was downgraded by equities research analysts at Cormark from a “buy” rating to a “market perform” rating in a note issued to investors on Thursday, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on BYL. National Bank Financial cut shares of Baylin Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$6.00 to C$2.75 in a research report on Thursday. Raymond James reissued an “outperform” rating and issued a C$5.75 price objective on shares of Baylin Technologies in a research report on Thursday, August 8th.

Shares of BYL stock traded down C$0.61 during trading hours on Thursday, reaching C$2.61. 1,324,273 shares of the stock were exchanged, compared to its average volume of 38,366. Baylin Technologies has a 12-month low of C$2.02 and a 12-month high of C$4.50. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 90.15. The company’s 50-day moving average price is C$3.26 and its 200-day moving average price is C$3.69. The firm has a market capitalization of $129.68 million and a price-to-earnings ratio of -19.48.

Baylin Technologies (TSE:BYL) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$47.83 million for the quarter, compared to analysts’ expectations of C$39.30 million. On average, sell-side analysts expect that Baylin Technologies will post 0.3 EPS for the current year.

About Baylin Technologies

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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