Cyanotech (OTCMKTS:CYAN) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

Cyanotech Co. (OTCMKTS:CYAN)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.46 and traded as high as $0.6099. Cyanotech shares last traded at $0.54, with a volume of 49,624 shares changing hands.

Cyanotech Stock Performance

The stock has a market capitalization of $4.53 million, a price-to-earnings ratio of -2.36 and a beta of -0.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.39. The stock has a 50-day moving average of $0.54 and a 200 day moving average of $0.46.

Cyanotech (OTCMKTS:CYAN) last released its earnings results on Tuesday, November 10th. The biotechnology company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $7.96 million for the quarter. Cyanotech had a net margin of 2.92% and a return on equity of 10.54%.

About Cyanotech

Cyanotech Corporation is a Hawaii-based producer of specialty health and nutrition products derived from microalgae. The company cultivates microalgae in open ponds at its facility on the Kona coast of Hawaii and processes the biomass into nutritional supplements and ingredient products. Its primary products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural antioxidant derived from the microalga Haematococcus pluvialis . Cyanotech has marketed these products for use in dietary supplements, functional foods and other health-related applications.