Cyanotech Corporation (CYAN) Downgraded by ValuEngine to “Sell”
ValuEngine lowered shares of Cyanotech Corporation (NASDAQ:CYAN) from a hold rating to a sell rating in a research report report published on Friday morning.
Separately, TheStreet raised Cyanotech Corporation from a d rating to a c- rating in a research note on Monday, August 28th.
Shares of Cyanotech Corporation (CYAN) remained flat at $3.95 on Friday. The stock had a trading volume of 913 shares. Cyanotech Corporation has a 12 month low of $3.25 and a 12 month high of $5.35. The firm’s market cap is $22.46 million. The stock has a 50-day moving average price of $4.46 and a 200-day moving average price of $3.89.
Cyanotech Corporation (NASDAQ:CYAN) last announced its quarterly earnings results on Thursday, August 10th. The biotechnology company reported $0.09 EPS for the quarter. The company had revenue of $8.81 million during the quarter. Cyanotech Corporation had a negative return on equity of 0.14% and a negative net margin of 0.07%. Analysts anticipate that Cyanotech Corporation will post ($0.01) earnings per share for the current year.
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Cyanotech Corporation Company Profile
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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