CyanConnode (LON:CYAN) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of CyanConnode Holdings plc (LON:CYAN – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 7.73 and traded as low as GBX 0.50. CyanConnode shares last traded at GBX 0.53, with a volume of 17,025 shares trading hands.

CyanConnode Trading Up 39.6%

The firm has a market capitalization of £2.61 million, a PE ratio of -0.56 and a beta of 1.06. The company’s 50-day simple moving average is GBX 6.71 and its 200 day simple moving average is GBX 7.67. The company has a quick ratio of 2.17, a current ratio of 1.14 and a debt-to-equity ratio of 47.01.

About CyanConnode

(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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