Cyanotech (OTCMKTS:CYAN) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Cyanotech Co. (OTCMKTS:CYAN)’s share price crossed 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 trading hands.

Cyanotech Price Performance

The firm has a fifty day moving average of $0.47 and a two-hundred day moving average of $0.42. The stock has a market capitalization of $3.92 million, a P/E ratio of -2.12 and a beta of 0.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.42.

Cyanotech (OTCMKTS:CYAN) last posted its earnings results on Monday, June 29th. The biotechnology company reported $0.00 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.