Cyanotech (OTCMKTS:CYAN) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Cyanotech Co. (OTCMKTS:CYAN) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $0.46 and traded as high as $0.6099. Cyanotech shares last traded at $0.54, with a volume of 49,624 shares.

Cyanotech Price Performance

The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $0.53 and its 200-day moving average price is $0.46. The company has a market capitalization of $4.14 million, a price-to-earnings ratio of -2.16 and a beta of -0.09.

Cyanotech Company Profile

Cyanotech Corporation is a Hawaii-based producer of specialty health and nutrition products derived from microalgae. The company cultivates microalgae in open ponds at its facility on the Kona coast of Hawaii and processes the biomass into nutritional supplements and ingredient products. Its primary products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural antioxidant derived from the microalga Haematococcus pluvialis . Cyanotech has marketed these products for use in dietary supplements, functional foods and other health-related applications.