Conduit Holdings Limited (LON:CRE – Get Free Report) crossed 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 changing hands.
Conduit Stock Performance
The firm’s fifty day moving average price is GBX 401.64 and its 200 day moving average price is GBX 361.63. The firm has a market cap of £660.94 million, a P/E ratio of 5.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 443.50.
Insider Buying and Selling
In related news, insider Ken Randall sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total value of £234,850. 1.64% of the stock is owned by company insiders.
About Conduit
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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