Shares of Cyren Ltd (NASDAQ:CYRN) saw an uptick in trading volume on Friday . 101,504 shares were traded during mid-day trading, an increase of 208% from the previous session’s volume of 32,943 shares.The stock last traded at $3.05 and had previously closed at $3.00.
Separately, ValuEngine lowered Cyren from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.
The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.24. The company has a market cap of $149.51, a PE ratio of -8.57 and a beta of 0.89.
Cyren (NASDAQ:CYRN) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). The business had revenue of $7.52 million during the quarter, compared to the consensus estimate of $7.71 million. Cyren had a negative net margin of 53.03% and a negative return on equity of 44.48%.
A number of large investors have recently added to or reduced their stakes in CYRN. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Cyren in the fourth quarter valued at approximately $2,057,000. Meitav Dash Investments Ltd. bought a new stake in Cyren in the fourth quarter valued at approximately $959,000. White Pine Capital LLC raised its stake in Cyren by 112.2% in the fourth quarter. White Pine Capital LLC now owns 212,150 shares of the technology company’s stock valued at $530,000 after buying an additional 112,150 shares during the period. Finally, Delek Group Ltd. bought a new stake in Cyren in the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 66.73% of the company’s stock.
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Cyren Company Profile
Cyren Ltd is engaged in developing and marketing information security solutions for protecting Web, e-mail and mobile transactions. The Company is a Security-as-a-Service provider of integrated cloud-based security technology solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence.
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