Cyanotech (OTCMKTS:CYAN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Cyanotech Co. (OTCMKTS:CYAN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.43 and traded as high as $0.49. Cyanotech shares last traded at $0.49, with a volume of 510 shares trading hands.

Cyanotech Stock Performance

The firm has a 50 day moving average of $0.49 and a 200-day moving average of $0.43. The stock has a market capitalization of $3.62 million, a PE ratio of -1.96 and a beta of 0.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 1.02.

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

Cyanotech Company Profile

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.