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Conduit (LON:CRE) Hits New 52-Week Low - Time to Sell?

Conduit logo with Financial Services background

Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 441 ($5.45) and last traded at GBX 450 ($5.56), with a volume of 227821 shares trading hands. The stock had previously closed at GBX 447.50 ($5.53).

Conduit Stock Performance

The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The company has a market cap of £706.41 million, a P/E ratio of 445.54 and a beta of 0.52. The business has a fifty day moving average of GBX 468.48 and a 200 day moving average of GBX 500.08.

Insider Activity at Conduit

In other news, insider Stephen Redmond purchased 10,000 shares of Conduit stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average cost of GBX 482 ($5.96) per share, with a total value of £48,200 ($59,565.00). 6.19% of the stock is owned by corporate insiders.

Conduit Company Profile

(Get Free Report)

Conduit Re is a pure play global reinsurance business based in Bermuda. 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.

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