Conduit (LON:CRE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Conduit Holdings Limited (LON:CREGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 361.63 and traded as high as GBX 438. Conduit shares last traded at GBX 433, with a volume of 658,986 shares.

Conduit Stock Up 0.2%

The business’s fifty day moving average price is GBX 401.64 and its two-hundred day moving average price is GBX 361.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 443.50. The firm has a market capitalization of £660.94 million, a P/E ratio of 5.85 and a beta of 0.61.

Insider Buying and Selling

In related news, insider Ken Randall sold 55,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total transaction of £234,850. 1.64% of the stock is owned by insiders.

Conduit Company Profile

(Get Free Report)

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is positive.

Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange

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