CyanConnode (LON:CYAN) Shares Up 5.7% – Here’s What Happened

CyanConnode Holdings plc (LON:CYAN)’s share price rose 5.7% during mid-day trading on Tuesday . The company traded as high as GBX 8 and last traded at GBX 7.67. Approximately 850,081 shares were traded during trading, an increase of 99% from the average daily volume of 427,974 shares. The stock had previously closed at GBX 7.25.

CyanConnode Stock Performance

The stock’s 50-day moving average is GBX 6.94 and its 200 day moving average is GBX 6.99. The stock has a market cap of £27.28 million, a price-to-earnings ratio of -5.87 and a beta of 1.60. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.50 and a quick ratio of 2.18.

About CyanConnode

CyanConnode is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. With a wealth of expertise and experience in smart technology, the Group provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency and save energy.