CyanConnode (LON:CYAN) Trading Up 9.8% – Time to Buy?

CyanConnode Holdings plc (LON:CYAN) was up 9.8% during mid-day trading on Tuesday . The stock traded as high as GBX 11.80 ($0.15) and last traded at GBX 11.80 ($0.15). Approximately 353,987 shares were traded during trading, a decline of 43% from the average daily volume of 616,946 shares. The stock had previously closed at GBX 10.75 ($0.14).

CyanConnode Price Performance

The company has a quick ratio of 2.18, a current ratio of 1.50 and a debt-to-equity ratio of 3.53. The firm’s 50-day moving average is GBX 9.01 and its 200-day moving average is GBX 8.42. The company has a market cap of £41.02 million, a PE ratio of -1,075.00 and a beta of 1.60.

Insiders Place Their Bets

In other CyanConnode news, insider John Cronin acquired 315,689 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of GBX 950 ($12.41) per share, for a total transaction of £2,999,045.50 ($3,916,225.52). Corporate insiders own 17.75% of the company’s stock.

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.