Conduit (LON:CRE) Sets New 1-Year Low - What's Next?

Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 451 ($5.52) and last traded at GBX 452.35 ($5.54), with a volume of 152682 shares changing hands. The stock had previously closed at GBX 460.50 ($5.64).

Conduit Stock Down 2.3 %

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 capitalization of £706.41 million, a PE ratio of 445.54 and a beta of 0.52. The company's 50 day moving average is GBX 483.70 and its two-hundred day moving average is GBX 506.78.

Insider Activity

In other Conduit news, insider Trevor Carvey purchased 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of GBX 486 ($5.95) per share, with a total value of £72,900 ($89,207.05). Also, insider Stephen Redmond purchased 10,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of GBX 482 ($5.90) per share, for a total transaction of £48,200 ($58,981.89). In the last three months, insiders have acquired 40,000 shares of company stock worth $19,250,000. 6.19% of the stock is currently owned by corporate insiders.

Conduit Company Profile

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.