Use Cyanotech to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly
1 Month Beta ..........
2.26
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Cyanotech will likely underperform.
Jole Deal Chief Financial officer, VP of Fin. and Admin., Treasurer and Secretary
Cyanotech Price and Market Media
The median price of Cyanotech for the period between Wed, Apr 25, 2012 and Fri, May 25, 2012 is 10.18 with a coefficient of variation of 12.95. The daily time series for the period is distributed with a sample standard deviation of 1.22, arithmetic mean of 9.4, and mean deviation of 1.08. The Stock received some media coverage during the period.
Cyanotech Corporation [CYAN] is traded on American Stock Exchange in USA. It is located in KailuaKona, HI and employs 71 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 41.3 M. Cyanotech Corporation conducts business under Healthcare sector and is part of Drug Related Products industry. This company has 5.43 M outstanding shares of which 21.12 K shares are currently shorted by private and institutional investors with about 0.4 trading days to cover.
Cyanotech Liquidity
CYANOTECH CORP currently holds about 4.19 M in cash with 5.07 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.77.
The company currently holds 691 K in liabilities with Debt to Equity (D/E) ratio of 0.05 which may suggest the company is not taking enough advantage from borrowing. Cyanotech Corporation has Current Ratio of 3.83 suggesting that it is liquid enough and is able to pay its financial obligations when they are due.