CyberOptics Corporation (CYBE) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the technology sector halfway through the trading day. At the lunch break, shares of CYBE have fallen 4.49% to $23.52 after closing the day prior at $24.62. So far, the stock has traded as high as $25.11 and as low as $23.18. Today’s decline has come with about 94,204 shares changing hands, compared to an average 30-day volume of 82,691 for CyberOptics Corporation. The price is currently below the 30-day volume weighted average price of $23.86 for CYBE.
The share depreciation gives the company a market capitalization of $168.91 million based upon 6.86 million shares outstanding. It also means that CYBE has a price-to-book ratio of 4.07:1.
In the past 52 weeks, shares of CYBE have traded as low as $5.86 and as high as $24.7999. Technical traders will take note that at $23.52, shares of CYBE are trading above their 200-day MA at $13.51 and above their 50-day MA at $18.98. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CYBE?
CyberOptics Corp is engaged in developing & manufacturing high precision sensing technology solutions. It manufactures 3D and 2D optical sensors for use in its own proprietary SMT inspection systems and for sale to original equipment manufacturers. The company’s 154 employees are led by CEO Subodh K. Kulkarni from the corporate headquarters at 5900 Golden Hills Drive in Minneapolis, MN.
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