Coastline Trust Co continued to hold its position in shares of Cyanotech Corporation (NASDAQ:CYAN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,400 shares of the biotechnology company’s stock at the end of the 2nd quarter. Coastline Trust Co owned about 1.45% of Cyanotech Corporation worth $293,000 as of its most recent filing with the SEC.

Cyanotech Corporation (NASDAQ:CYAN) opened at 4.60 on Thursday. Cyanotech Corporation has a 1-year low of $3.25 and a 1-year high of $5.35. The firm has a 50-day moving average price of $4.32 and a 200 day moving average price of $3.87. The stock’s market cap is $26.15 million.

Cyanotech Corporation (NASDAQ:CYAN) last posted its earnings results on Thursday, August 10th. The biotechnology company reported $0.09 earnings per share (EPS) for the quarter. Cyanotech Corporation had a negative return on equity of 0.14% and a negative net margin of 0.07%. The firm had revenue of $8.81 million for the quarter. On average, equities research analysts anticipate that Cyanotech Corporation will post ($0.01) EPS for the current fiscal year.

CYAN has been the subject of several recent research reports. TheStreet upgraded Cyanotech Corporation from a “d” rating to a “c-” rating in a report on Monday, August 28th. ValuEngine upgraded Cyanotech Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.

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Cyanotech Corporation Profile

Cyanotech Corporation is engaged in the production of natural products derived from microalgae for the nutritional supplements market. The Company’s products include Hawaiian Spirulina Pacifica and Hawaiian BioAstin. Hawaiian Spirulina Pacifica is a dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits and as a source of antioxidant carotenoids.

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Institutional Ownership by Quarter for Cyanotech Corporation (NASDAQ:CYAN)

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