Shares of CYREN Ltd. (NASDAQ:CYRN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.55 and last traded at $1.55, with a volume of 29,052 shares trading hands. The stock had previously closed at $1.65.

CYRN has been the topic of a number of recent analyst reports. TheStreet downgraded shares of CYREN from a “c-” rating to a “d” rating in a report on Wednesday, May 17th. ValuEngine downgraded shares of CYREN from a “hold” rating to a “sell” rating in a report on Thursday, May 18th.

The stock has a 50-day moving average price of $1.98 and a 200-day moving average price of $2.05. The firm’s market cap is $62.42 million.

CYREN (NASDAQ:CYRN) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $7.96 million for the quarter, compared to analyst estimates of $8.15 million. CYREN had a negative net margin of 20.12% and a negative return on equity of 18.88%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. On average, analysts expect that CYREN Ltd. will post ($0.19) EPS for the current year.

A hedge fund recently raised its stake in CYREN stock. Renaissance Technologies LLC boosted its position in shares of CYREN Ltd. (NASDAQ:CYRN) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,433 shares of the technology company’s stock after buying an additional 4,700 shares during the period. Renaissance Technologies LLC owned approximately 1.52% of CYREN worth $1,278,000 as of its most recent SEC filing. 25.88% of the stock is currently owned by institutional investors.

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CYREN Ltd. (CYREN) is engaged in developing and marketing information security solutions for protecting Web, e-mail and mobile transactions. The Company is a Security-as-a-Service provider of integrated cloud-based security technology solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence.

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