CyanConnode (LON:CYAN) Shares Up 7.1% – Here’s What Happened

CyanConnode Holdings plc (LON:CYAN) shot up 7.1% on Wednesday . The stock traded as high as GBX 12.85 ($0.17) and last traded at GBX 12.85 ($0.17). 388,711 shares were traded during trading, a decline of 37% from the average session volume of 613,235 shares. The stock had previously closed at GBX 12 ($0.16).

CyanConnode Stock Up 7.1 %

The company has a debt-to-equity ratio of 3.53, a current ratio of 1.50 and a quick ratio of 2.18. The firm’s fifty day moving average price is GBX 9.46 and its two-hundred day moving average price is GBX 8.56. The stock has a market cap of £44.67 million, a price-to-earnings ratio of -1,285.00 and a beta of 1.60.

Insider Transactions at CyanConnode

In other news, insider John Cronin acquired 315,689 shares of CyanConnode stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of GBX 950 ($12.33) per share, with a total value of £2,999,045.50 ($3,893,852.90). 17.75% of the stock is currently owned by insiders.

CyanConnode Company Profile

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.