Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 451.48 ($5.99) and traded as low as GBX 348.45 ($4.62). Conduit shares last traded at GBX 354 ($4.70), with a volume of 261,235 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.29) price objective on shares of Conduit in a research note on Monday, March 31st.
Check Out Our Latest Stock Report on CRE
Conduit Price Performance
The stock has a market cap of £739.86 million, a price-to-earnings ratio of 3.47 and a beta of 0.52. The firm's fifty day moving average price is GBX 376.13 and its two-hundred day moving average price is GBX 448.06.
Conduit Announces Dividend
The company also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's dividend payout ratio is 26.41%.
Insider Buying and Selling
In related news, insider Neil David Eckert purchased 31,916 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of GBX 364 ($4.83) per share, with a total value of £116,174.24 ($154,138.57). Also, insider Trevor Carvey acquired 70,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were purchased at an average cost of GBX 340 ($4.51) per share, for a total transaction of £238,000 ($315,775.51). Insiders have bought a total of 170,416 shares of company stock worth $59,205,924 in the last ninety days. Corporate insiders own 6.19% of the company's stock.
About Conduit
(
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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.
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