Cyren Ltd (NASDAQ:CYRN) shot up 7.1% during trading on Wednesday . The stock traded as high as $1.80 and last traded at $1.80, 199,125 shares traded hands during trading. An increase of 550% from the average session volume of 30,625 shares. The stock had previously closed at $1.68.
Several research firms have recently commented on CYRN. B. Riley reiterated a “buy” rating and set a $3.00 price target on shares of Cyren in a report on Friday, September 13th. ValuEngine upgraded Cyren from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th.
The firm has a market capitalization of $96.21 million, a price-to-earnings ratio of -5.69 and a beta of 0.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.84.
Several institutional investors have recently made changes to their positions in CYRN. White Pine Capital LLC lifted its stake in Cyren by 33.2% during the second quarter. White Pine Capital LLC now owns 689,480 shares of the technology company’s stock worth $1,193,000 after purchasing an additional 171,680 shares during the last quarter. BlackRock Inc. purchased a new stake in Cyren in the second quarter valued at approximately $25,000. Renaissance Technologies LLC lifted its stake in Cyren by 1.0% in the second quarter. Renaissance Technologies LLC now owns 648,763 shares of the technology company’s stock valued at $1,122,000 after buying an additional 6,130 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Cyren by 27.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,055,936 shares of the technology company’s stock valued at $1,827,000 after buying an additional 228,037 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Cyren by 7.7% in the first quarter. Belpointe Asset Management LLC now owns 463,750 shares of the technology company’s stock valued at $1,006,000 after buying an additional 33,250 shares during the last quarter. 56.89% of the stock is owned by institutional investors and hedge funds.
About Cyren (NASDAQ:CYRN)
CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats.
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