Cyanotech Corporation (CYAN) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Cyanotech Corporation (NASDAQ:CYAN) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Separately, TheStreet upgraded Cyanotech Corporation from a d rating to a c- rating in a research report on Monday, August 28th.

Shares of Cyanotech Corporation (CYAN) traded up $0.11 during midday trading on Friday, hitting $4.35. The stock had a trading volume of 4,100 shares, compared to its average volume of 6,460. The stock has a market capitalization of $24.99, a PE ratio of 72.50 and a beta of 1.13. Cyanotech Corporation has a one year low of $3.25 and a one year high of $5.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.79 and a current ratio of 2.36.

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

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About Cyanotech Corporation

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.

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