CyanConnode (LON:CYAN) Share Price Crosses Below 50 Day Moving Average – Here’s Why

CyanConnode Holdings plc (LON:CYANGet Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 8.24 and traded as low as GBX 7.90. CyanConnode shares last traded at GBX 7.90, with a volume of 503,132 shares trading hands.

CyanConnode Stock Down 3.4%

The firm has a 50 day simple moving average of GBX 8.24 and a two-hundred day simple moving average of GBX 7.90. The stock has a market capitalization of £27.90 million, a P/E ratio of -6.00 and a beta of 1.08. The company has a quick ratio of 2.17, a current ratio of 1.61 and a debt-to-equity ratio of 171.63.

CyanConnode Company Profile

(Get Free Report)

CyanConnode is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. With a wealth of expertise and experience in smart technology, the Group provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency and save energy.

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