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Baylin Tech ( (TSE:BYL) ) has shared an update.
Baylin Technologies has announced a definitive agreement to acquire Kaelus AB for approximately $42 million, aiming to create a global leader in wireless technology. The acquisition is expected to significantly increase Baylin’s revenue and Adjusted EBITDA by 2026, while reducing its debt leverage. This strategic move is anticipated to enhance Baylin’s product offerings, create cross-selling opportunities, and strengthen its balance sheet, with the support of a $10 million equity raise and a new credit facility.
The most recent analyst rating on (TSE:BYL) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Baylin Tech stock, see the TSE:BYL Stock Forecast page.
Spark’s Take on TSE:BYL Stock
According to Spark, TipRanks’ AI Analyst, TSE:BYL is a Neutral.
Baylin Technologies’ overall stock score is primarily impacted by its financial performance, which highlights significant challenges such as ongoing losses and high leverage. Technical analysis indicates a neutral trend, while valuation concerns persist due to negative earnings. The earnings call provides some optimism with cost control and cash improvements, but revenue declines and business line challenges remain significant hurdles.
To see Spark’s full report on TSE:BYL stock, click here.
More about Baylin Tech
Baylin Technologies Inc. is a company in the wireless technology industry, primarily focused on wireless infrastructure and embedded antenna solutions. It aims to expand its RF product portfolio and strengthen its market position through strategic acquisitions. Kaelus AB, headquartered in Sweden, is a global provider of next-generation antenna solutions, RF conditioning, synchronization, and test & measurement equipment, with operations in the United States, Australia, Finland, and China.
Average Trading Volume: 57,011
Technical Sentiment Signal: Sell
Current Market Cap: C$47.32M
For detailed information about BYL stock, go to TipRanks’ Stock Analysis page.