Cyanotech Corporation (CYAN) Downgraded by ValuEngine

ValuEngine cut shares of Cyanotech Corporation (NASDAQ:CYAN) from a hold rating to a sell rating in a report released on Friday morning.

Separately, TheStreet upgraded shares of 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 $4.20 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.72 and a current ratio of 2.36. The stock has a market cap of $24.99, a PE ratio of 72.50 and a beta of 1.13. Cyanotech Corporation has a 12 month low of $3.25 and a 12 month high of $5.35.

Cyanotech Corporation (NASDAQ:CYAN) last posted its earnings results on Monday, November 6th. The biotechnology company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $8.06 million during the quarter. Cyanotech Corporation had a net margin of 1.11% and a return on equity of 2.06%.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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