CyanConnode (LON:CYAN) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of CyanConnode Holdings plc (LON:CYAN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.03 and traded as low as GBX 6.11. CyanConnode shares last traded at GBX 6.50, with a volume of 1,196,267 shares trading hands.

CyanConnode Trading Up 3.7%

The company has a debt-to-equity ratio of 3.53, a current ratio of 1.50 and a quick ratio of 2.18. The business’s 50-day moving average is GBX 6.91 and its 200 day moving average is GBX 7.03. The firm has a market capitalization of £24.64 million, a P/E ratio of -5.30 and a beta of 1.60.

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.