CyanConnode (LON:CYAN) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

CyanConnode Holdings plc (LON:CYAN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 9.26 ($0.12) and traded as low as GBX 8.66 ($0.11). CyanConnode shares last traded at GBX 8.89 ($0.11), with a volume of 741,015 shares changing hands.

CyanConnode Stock Down 0.7 %

The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.18 and a current ratio of 1.50. The company has a market cap of £30.90 million, a P/E ratio of -889.00 and a beta of 1.60. The stock has a 50-day moving average of GBX 9.95 and a two-hundred day moving average of GBX 9.26.

CyanConnode Company Profile

CyanConnode Holdings plc engages in the design, development, and sale of narrowband radio frequency (RF) mesh and cellular networks that enable Omni Internet of Things (IoT) communications in the United Kingdom, India, Thailand, rest of Europe, the United Arab Emirates, and internationally. It offers wireless communication technology for smart electricity, gas, and water metering; lighting control; and IoT.