CyanConnode (LON:CYAN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

CyanConnode Holdings plc (LON:CYAN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9.23 ($0.12) and traded as low as GBX 8.71 ($0.11). CyanConnode shares last traded at GBX 9 ($0.11), with a volume of 465,014 shares.

CyanConnode Trading Up 2.3 %

The firm has a 50 day simple moving average of GBX 10.36 and a 200 day simple moving average of GBX 9.23. The firm has a market cap of £31.28 million, a P/E ratio of -900.00 and a beta of 1.60. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.18 and a current ratio of 1.50.

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.