Conrad Industries (OTCMKTS:CNRD) Stock Crosses Below 50 Day Moving Average – Here’s Why

Conrad Industries Inc. (OTCMKTS:CNRD) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.10 and traded as low as $25.05. Conrad Industries shares last traded at $25.05, with a volume of 1,209 shares changing hands.

Conrad Industries Trading Down 1.0%

The stock has a market cap of $125.75 million, a price-to-earnings ratio of 6.54 and a beta of 0.55. The business’s fifty day simple moving average is $25.10 and its 200 day simple moving average is $25.75.

Conrad Industries (OTCMKTS:CNRD) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.64 EPS for the quarter. Conrad Industries had a return on equity of 19.54% and a net margin of 6.07%.The company had revenue of $69.35 million during the quarter.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.