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

CyanConnode Holdings plc (LON:CYAN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.26 ($0.12) and traded as low as GBX 8.66 ($0.11). CyanConnode shares last traded at GBX 8.89 ($0.11), with a volume of 741,015 shares changing hands.

CyanConnode Trading Down 0.7 %

The company has a market cap of £30.90 million, a PE ratio of -889.00 and a beta of 1.60. The company’s 50 day simple moving average is GBX 9.95 and its two-hundred day simple moving average is GBX 9.27. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.50 and a quick ratio of 2.18.

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.