CyanConnode (LON:CYAN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

CyanConnode Holdings plc (LON:CYAN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.19 ($0.12) and traded as high as GBX 9.20 ($0.12). CyanConnode shares last traded at GBX 8.90 ($0.11), with a volume of 450,000 shares trading hands.

CyanConnode Price Performance

The business has a 50-day moving average of GBX 10.63 and a 200 day moving average of GBX 9.19. The firm has a market capitalization of £30.40 million, a P/E ratio of -874.50 and a beta of 1.60. The company has a current ratio of 1.50, a quick ratio of 2.18 and a debt-to-equity ratio of 3.53.

Insider Activity

In other CyanConnode news, insider John Cronin bought 315,689 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of GBX 950 ($11.94) per share, with a total value of £2,999,045.50 ($3,770,487.18). Corporate insiders own 17.75% of the company’s stock.

About CyanConnode

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.