Cyanotech (OTCMKTS:CYAN) Share Price Breaks Below Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of Cyanotech Co. (OTCMKTS:CYAN – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.44 and traded as low as $0.3620. Cyanotech shares last traded at $0.3761, with a volume of 1,107 shares trading hands.

Cyanotech Stock Up 17.1%

The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.14 million, a PE ratio of -1.64 and a beta of 0.04. The business has a 50-day moving average price of $0.48 and a 200-day moving average price of $0.44.

Cyanotech (OTCMKTS:CYAN – Get Free Report) last issued its earnings results on Monday, June 29th. The biotechnology company reported $0.00 earnings per share (EPS) for the quarter. Cyanotech had a negative return on equity of 0.86% and a negative net margin of 0.25%.

About Cyanotech

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Cyanotech Corporation is a biotechnology company that cultivates and processes microalgae for use in nutritional supplements, functional foods, and natural ingredients. The company operates from the Kona coast of Hawaii, where its production facilities use open-pond cultivation to grow algae in a controlled environment.

Its principal products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural astaxanthin product derived from the microalga Haematococcus pluvialis.

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