CyanConnode (LON:CYAN) Hits New 52-Week High – Here’s Why

CyanConnode Holdings plc (LON:CYANGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 9.90 and last traded at GBX 9.87, with a volume of 2804775 shares trading hands. The stock had previously closed at GBX 9.85.

CyanConnode Trading Up 0.2%

The company has a quick ratio of 2.17, a current ratio of 1.61 and a debt-to-equity ratio of 171.63. The business’s fifty day simple moving average is GBX 8.78 and its two-hundred day simple moving average is GBX 8.41. The company has a market cap of £34.76 million, a price-to-earnings ratio of -7.48 and a beta of 1.06.

CyanConnode Company Profile

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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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