CyanConnode (LON:CYAN) Shares Up 7.1% – Here’s What Happened

Shares of CyanConnode Holdings plc (LON:CYAN) shot up 7.1% during trading on Wednesday . The company traded as high as GBX 12.85 ($0.17) and last traded at GBX 12.85 ($0.17). 388,711 shares were traded during trading, a decline of 37% from the average session volume of 613,235 shares. The stock had previously closed at GBX 12 ($0.16).

CyanConnode Stock Up 7.1 %

The company has a market capitalization of £44.67 million, a PE ratio of -1,285.00 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. The stock’s 50 day moving average is GBX 9.46 and its 200 day moving average is GBX 8.56.

Insider Activity at CyanConnode

In other news, insider John Cronin bought 315,689 shares of the stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of GBX 950 ($12.33) per share, for a total transaction of £2,999,045.50 ($3,893,852.90). 17.75% of the stock is currently owned by corporate insiders.

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.