Baylin Technologies (TSE:BYL) Trading 13.8% Higher - Still a Buy?

Key Points

• Baylin Technologies Inc. (TSE:BYL) shares surged by 13.8% during trading, reaching C$0.33, with over 370,000 shares exchanged, significantly above the average volume.
• The company's debt-to-equity ratio stands at -559.58, indicating a high level of debt relative to equity, while it has a market cap of C$52.31 million.
• Baylin Technologies specializes in the research and development of radiofrequency products and satellite communications, marketed under several brand names including Galtronics and Advantech Wireless.

Baylin Technologies Inc. (TSE:BYL - Get Free Report) rose 13.8% during trading on Tuesday . The company traded as high as C$0.33 and last traded at C$0.33. Approximately 370,459 shares were traded during mid-day trading, an increase of 671% from the average daily volume of 48,039 shares. The stock had previously closed at C$0.29.

Baylin Technologies Price Performance

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 business's fifty day moving average is C$0.27 and its 200 day moving average is C$0.27. The firm has a market capitalization of C$57.07 million, a P/E ratio of -3.88 and a beta of 1.29.

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.