Cyanotech Corporation (CYAN) Set to Announce Quarterly Earnings on Wednesday
Cyanotech Corporation (NASDAQ:CYAN) last released its earnings results on Thursday, August 10th. The biotechnology company reported $0.09 earnings per share for the quarter. Cyanotech Corporation had a negative return on equity of 0.14% and a negative net margin of 0.07%. The business had revenue of $8.81 million for the quarter. On average, analysts expect Cyanotech Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Cyanotech Corporation (NASDAQ:CYAN) opened at 4.75 on Wednesday. Cyanotech Corporation has a 1-year low of $3.25 and a 1-year high of $5.35. The firm has a 50-day moving average price of $4.41 and a 200-day moving average price of $3.99. The stock’s market cap is $27.00 million.
Several equities analysts have recently commented on CYAN shares. TheStreet raised Cyanotech Corporation from a “d” rating to a “c-” rating in a research note on Monday, August 28th. ValuEngine raised Cyanotech Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.
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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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