Cyanotech (OTCMKTS:CYAN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Cyanotech Co. (OTCMKTS:CYAN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.43 and traded as high as $0.53. Cyanotech shares last traded at $0.50, with a volume of 50,500 shares changing hands.

Cyanotech Price Performance

The stock has a 50 day moving average of $0.50 and a 200-day moving average of $0.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 1.06. The company has a market cap of $3.69 million, a PE ratio of -2.00 and a beta of 0.10.

Cyanotech (OTCMKTS:CYAN) last posted its quarterly 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 0.86% and a negative net margin of 0.25%.

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.