Cyanotech Corporation (NASDAQ:CYAN) posted its earnings results on Thursday. The biotechnology company reported $0.09 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $8.81 million for the quarter. Cyanotech Corporation had a negative net margin of 0.07% and a negative return on equity of 0.14%.
Shares of Cyanotech Corporation (NASDAQ:CYAN) opened at 4.586 on Friday. Cyanotech Corporation has a 12-month low of $3.25 and a 12-month high of $4.75. The company’s market capitalization is $26.07 million. The stock has a 50 day moving average of $3.46 and a 200-day moving average of $3.76.
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Cyanotech Corporation Company Profile
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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