CyanConnode (LON:CYAN) Shares Down 2.6% – What’s Next?

CyanConnode Holdings plc (LON:CYAN) shares traded down 2.6% during trading on Monday . The stock traded as low as GBX 9.12 ($0.12) and last traded at GBX 9.35 ($0.12). 681,345 shares traded hands during trading, an increase of 5% from the average session volume of 647,017 shares. The stock had previously closed at GBX 9.60 ($0.12).

CyanConnode Price Performance

The company has a quick ratio of 2.18, a current ratio of 1.50 and a debt-to-equity ratio of 3.53. The company’s fifty day moving average is GBX 10.95 and its 200 day moving average is GBX 9.15. The firm has a market cap of £32.50 million, a price-to-earnings ratio of -935.00 and a beta of 1.60.

Insider Transactions at CyanConnode

In other news, insider John Cronin bought 315,689 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of GBX 950 ($12.11) per share, with a total value of £2,999,045.50 ($3,822,875.08). Company 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.