Conduit (LON:CRE) Shares Cross Below 200 Day Moving Average - What's Next?

Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 503.55 ($6.24) and traded as low as GBX 450.50 ($5.59). Conduit shares last traded at GBX 451 ($5.59), with a volume of 187,208 shares changing hands.

Conduit Price Performance

The company has a market capitalization of £714.26 million, a price-to-earnings ratio of 450.50 and a beta of 0.52. 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 50 day simple moving average of GBX 472.70 and a 200 day simple moving average of GBX 502.43.

Insider Buying and Selling

In related news, insider Stephen Redmond bought 10,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of GBX 482 ($5.98) per share, with a total value of £48,200 ($59,764.41). Also, insider Trevor Carvey bought 15,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of GBX 476 ($5.90) per share, for a total transaction of £71,400 ($88,530.69). In the last quarter, insiders acquired 40,000 shares of company stock valued at $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.