Cyanotech (OTCMKTS:CYAN) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Cyanotech Co. (OTCMKTS:CYAN) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.49 and traded as high as $0.4903. Cyanotech shares last traded at $0.4903, with a volume of 10,073 shares changing hands.

Cyanotech Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.39 and a current ratio of 1.06. The firm has a 50-day moving average of $0.49 and a 200-day moving average of $0.44. The firm has a market capitalization of $3.76 million, a P/E ratio of -1.96 and a beta of 0.07.

Cyanotech (OTCMKTS:CYAN) last announced its quarterly earnings data 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%.

Cyanotech Company Profile

Cyanotech Corporation is a biotechnology company that cultivates and processes microalgae for use in nutritional supplements, functional foods, and natural ingredients. The company operates from the Kona coast of Hawaii, where its production facilities use open-pond cultivation to grow algae in a controlled environment.

Its principal products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural astaxanthin product derived from the microalga Haematococcus pluvialis.