Cyanotech (OTCMKTS:CYAN) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Cyanotech Co. (OTCMKTS:CYAN)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.47 and traded as high as $0.51. Cyanotech shares last traded at $0.51, with a volume of 200 shares traded.

Cyanotech Stock Down 3.8%

The firm has a market capitalization of $3.77 million, a price-to-earnings ratio of -2.04 and a beta of 0.12. The company has a current ratio of 1.02, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.42.

Cyanotech (OTCMKTS:CYAN) last posted its earnings results on Monday, June 29th. The biotechnology company reported $0.00 earnings per share (EPS) for the quarter. Cyanotech had a negative net margin of 4.82% and a negative return on equity of 16.24%.

About Cyanotech

Cyanotech Corp. engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant, which is used as a human dietary supplement and dietary ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye, joint, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.