Could CYANOTECH CORP (CYAN) see a reversal after breaking its 52-week high?

[USA] Investors sentiment decreased to 0.8 in 2016 Q4. Its down 5.20, from 6 in 2016Q3. It fall, as 3 investors sold CYANOTECH CORP shares while 2 reduced holdings. 0 funds opened positions while 4 raised stakes. 848,833 shares or 64.26% less from 2.37 million shares in 2016Q3 were reported.

Blackrock Institutional Com Na holds 10,562 shares. Deutsche National Bank Ag, Germany-based fund reported 50 shares. Morgan Stanley owns 20,337 shares. Hightower Advsrs Limited Liability Corporation reported 14,765 shares stake. Wells Fargo And Co Mn stated it has 0% in CYANOTECH CORP (NASDAQ:CYAN).

Renaissance Tech Ltd Limited Liability Company has 0% invested in CYANOTECH CORP (NASDAQ:CYAN) for 100,900 shares. Vanguard Grp, Pennsylvania-based fund reported 25,363 shares. Blackrock Fund has invested 0% in CYANOTECH CORP (NASDAQ:CYAN). California Employees Retirement Systems invested 0% of its portfolio in CYANOTECH CORP (NASDAQ:CYAN). Royal Bank Of Canada accumulated 0% or 500 shares. Finemark Savings Bank & owns 48,694 shares for 0.02% of their portfolio. Coastline Trust holds 0.07% in CYANOTECH CORP (NASDAQ:CYAN) or 82,400 shares.

The stock of CYANOTECH CORP (NASDAQ:CYAN) hit a new 52-week high and has $4.98 target or 6.00 % above today’s $4.70 share price. The 6 months bullish chart indicates low risk for the $26.59 million company. The 1-year high was reported on Aug, 22 by Barchart.com. If the $4.98 price target is reached, the company will be worth $1.60 million more.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 2,018 shares traded. CYANOTECH CORP (NASDAQ:CYAN) has declined 33.21% since August 22, 2016 and is downtrending. It has underperformed by 49.91% the S&P500.

More notable recent CYANOTECH CORP (NASDAQ:CYAN) news were published by: Medgadget.com which released: “Microalgae Global Market Key Players – DIC Corp, Cyanotech Corp, Algaetech …” on July 21, 2017, also Streetinsider.com with their article: “Meridian OHC Partners Changes Filing Status on Cyanotech Corp (CYAN) from …” published on May 09, 2016, Bizjournals.com published: “Hawaii nutraceutical company Cyanotech Corp. settles lawsuit with Florida firm …” on December 19, 2014. More interesting news about CYANOTECH CORP (NASDAQ:CYAN) were released by: Bizjournals.com and their article: “Cyanotech Corp. reports net income of $501000 for Q1 2018” published on August 11, 2017 as well as Marketwatch.com‘s news article titled: “4.9247” with publication date: December 21, 2009.

Cyanotech Corporation is engaged in the production of natural products derived from microalgae for the nutritional supplements market. The company has market cap of $26.59 million. The Company’s products include Hawaiian Spirulina Pacifica and Hawaiian BioAstin. It currently has negative earnings. 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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