Cyren (NASDAQ:CYRN) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Cyren (NASDAQ:CYRNGet Rating) in a research report issued on Monday. The firm set a “hold” rating on the technology company’s stock.

Cyren Stock Performance

Cyren stock opened at $0.93 on Monday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.29 and a quick ratio of 1.35. The company has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $1.60. Cyren has a 12 month low of $0.88 and a 12 month high of $13.87. The company has a market cap of $7.24 million, a PE ratio of -0.17 and a beta of 0.62.

Institutional Trading of Cyren

A number of hedge funds and other institutional investors have recently made changes to their positions in CYRN. Nantahala Capital Management LLC acquired a new position in Cyren in the third quarter worth approximately $139,000. Jane Street Group LLC acquired a new position in Cyren during the 1st quarter worth $426,000. Millennium Management LLC bought a new position in shares of Cyren during the 2nd quarter worth about $48,000. Finally, Virtu Financial LLC bought a new position in shares of Cyren during the 1st quarter worth approximately $59,000. 21.47% of the stock is currently owned by institutional investors.

Cyren Company Profile

(Get Rating)

Cyren Ltd., together with its subsidiaries, provides cloud delivered Software-as-a-Service (SaaS) cybersecurity solutions that protect businesses, their employees, and customers against threats from email, files, and the web. It provides Cyren threat detection services, which include email security engine that offers anti-spam inbound and outbound, IP reputation, and virus outbreak detection services; malware detection engine that is used to protect email applications; Web security engine, which is used by customers to provide URL classification for web browser filtering and safe search capabilities; and threat analysis services to detect advanced cyber threats.

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