ValuEngine downgraded shares of Cyanotech Corporation (NASDAQ:CYAN) from a hold rating to a sell rating in a research note issued to investors on Friday, October 6th.
Separately, TheStreet upgraded Cyanotech Corporation from a d rating to a c- rating in a research note on Monday, August 28th.
Shares of Cyanotech Corporation (NASDAQ:CYAN) opened at 4.70 on Friday. The firm’s market cap is $26.72 million. Cyanotech Corporation has a 52-week low of $3.25 and a 52-week high of $5.35. The firm has a 50-day moving average price of $4.36 and a 200-day moving average price of $3.91.
Cyanotech Corporation (NASDAQ:CYAN) last posted its quarterly earnings results on Thursday, August 10th. The biotechnology company reported $0.09 earnings per share (EPS) for the quarter. Cyanotech Corporation had a negative return on equity of 0.14% and a negative net margin of 0.07%. The firm had revenue of $8.81 million during the quarter. Analysts predict that Cyanotech Corporation will post ($0.01) EPS for the current fiscal year.
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About Cyanotech Corporation
Cyanotech Corporation is engaged in the production of natural products derived from microalgae for the nutritional supplements market. The Company’s products include Hawaiian Spirulina Pacifica and Hawaiian BioAstin. Hawaiian Spirulina Pacifica is a dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits and as a source of antioxidant carotenoids.
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