Free Trial

Conduit (LON:CRE) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Conduit logo with Financial Services background

Conduit Holdings Limited (LON:CRE - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 505.11 ($6.23) and traded as low as GBX 455 ($5.61). Conduit shares last traded at GBX 457 ($5.64), with a volume of 231,703 shares traded.

Conduit Stock Up 0.2 %

The stock has a market cap of £718.97 million, a P/E ratio of 453.47 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 478.75 and a two-hundred day simple moving average of GBX 505.11.

Insider Activity at Conduit

In related news, insider Trevor Carvey purchased 15,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of GBX 476 ($5.87) per share, for a total transaction of £71,400 ($88,039.46). Also, insider Stephen Redmond bought 10,000 shares of Conduit stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of GBX 482 ($5.94) per share, for a total transaction of £48,200 ($59,432.80). Insiders bought 40,000 shares of company stock worth $19,250,000 in the last three months. 6.19% of the stock is owned by 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.

See Also

Should You Invest $1,000 in Conduit Right Now?

Before you consider Conduit, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Conduit wasn't on the list.

While Conduit currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

While 2025 may not deliver massive returns, so MarketBeat analyst Chris Markoch shares his list of seven stocks primed for consistent performance.

Recent Videos

3 Quantum Computing Stocks to Watch in 2025 (That Aren’t Rigetti)
Transportation Stocks to Watch in 2025: Top Picks for Growth
Crypto Boom 2025: Bitcoin’s Rise and Trump’s Impact on the Market

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines