Is Cyanotech Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Cyanotech Corp (CYAN) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Cyanotech Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Cyanotech Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Cyanotech Corp?

Muslim investors may consider investing in Cyanotech Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Cyanotech Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Cyanotech Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Cyanotech Corp updated?

The Shariah compliance status of Cyanotech Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Cyanotech Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Cyanotech Corp?

You can check the latest Shariah compliance status of Cyanotech Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

CYAN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 27, 2024

Report Source: 2024 Annual Report

Cyanotech Corp. Stock Analysis CYAN

United States Consumer Staples Nano Cap Report: 2024 Annual

Cyanotech Corp. engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. The company is headquartered in Kailua Kona, Hawaii and currently employs 83 full-time employees. The Company, through its microalgae technology, produces BioAstin Hawaiian Astaxanthin and Hawaiian Spirulina Pacifica. Its BioAstin Hawaiian Astaxanthin offers antioxidant activity which supports skin, eye and joint health, as well as recovery from exercise. Hawaiian Spirulina Pacifica is a nutrient-rich superfood dietary supplement clinically supported for natural energy, immune system support, cardiovascular health and as a concentrated source of protein, antioxidant carotenoids, and essential nutrients. Its products are produced from microalgae grown at its 96-acre facility in Kona, Hawaii. The company sells its products direct to consumers at retail locations in the United States and online at www.nutrex-hawaii.com and also distributes to dietary supplement, nutraceutical and cosmeceutical manufacturers and marketers.

Key Statistics of Cyanotech Corp (CYAN)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.38$0.53

Today's Open

$0.53

Volume

4222.00

P/E Ratio (TTM)

52 Week Range

$0$0.55

Market Cap

2.88M

Avg. Volume

2537.11

Dividend Yield

Financial Metrics & Statements of Cyanotech Corp (CYAN)

FAQ's for Cyanotech Corp (CYAN)

According to Musaffa’s Shariah screening methodology, Cyanotech Corp (CYAN) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.