Cyanotech (NASDAQ:CYAN) Stock Price Crosses Above 50 Day Moving Average of $2.75

Cyanotech Corp (NASDAQ:CYAN)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.75 and traded as high as $2.57. Cyanotech shares last traded at $2.57, with a volume of 336 shares trading hands.

The firm’s 50 day moving average is $2.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 0.35.

Cyanotech (NASDAQ:CYAN) last posted its quarterly earnings data on Monday, July 1st. The biotechnology company reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $6.06 million during the quarter. Cyanotech had a negative net margin of 11.91% and a negative return on equity of 22.50%.

About Cyanotech (NASDAQ:CYAN)

Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. The company's products include Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.

Further Reading: What is the Coverage Ratio?

Receive News & Ratings for Cyanotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyanotech and related companies with MarketBeat.com's FREE daily email newsletter.