Cyanotech (CYAN) Issues Quarterly Earnings Results

Cyanotech (NASDAQ:CYAN) announced its quarterly earnings data on Tuesday. The biotechnology company reported $0.19 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $9.15 million during the quarter. Cyanotech had a net margin of 5.44% and a return on equity of 10.51%.

Cyanotech (NASDAQ CYAN) traded down $0.20 during trading on Thursday, hitting $5.15. 2,293 shares of the stock traded hands, compared to its average volume of 12,258. The company has a quick ratio of 0.72, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. Cyanotech has a 1 year low of $3.25 and a 1 year high of $5.78. The company has a market capitalization of $30.20, a P/E ratio of 17.13 and a beta of 0.99.

Separately, ValuEngine downgraded shares of Cyanotech from a “hold” rating to a “sell” rating in a research note on Friday, November 10th.

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About Cyanotech

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.

Earnings History for Cyanotech (NASDAQ:CYAN)

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