CyanConnode (LON:CYAN) Shares Pass Below 200 Day Moving Average – Time to Sell?

CyanConnode Holdings plc (LON:CYANGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7.81 and traded as low as GBX 6.22. CyanConnode shares last traded at GBX 6.33, with a volume of 258,227 shares trading hands.

CyanConnode Price Performance

The company’s 50-day moving average is GBX 6.96 and its two-hundred day moving average is GBX 7.81. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.50 and a quick ratio of 2.18. The firm has a market cap of £22.17 million, a P/E ratio of -5.38 and a beta of 1.60.

CyanConnode Company Profile

(Get Free Report)

CyanConnode is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. With a wealth of expertise and experience in smart technology, the Group provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency and save energy.

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