Conduit (LON:CRE) Shares Down 0.4% - Here's What Happened

Conduit Holdings Limited (LON:CRE - Get Free Report) was down 0.4% during mid-day trading on Friday . The company traded as low as GBX 500 ($6.37) and last traded at GBX 503 ($6.41). Approximately 114,918 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 398,365 shares. The stock had previously closed at GBX 505 ($6.44).

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 stock has a 50 day simple moving average of GBX 504.86 and a 200 day simple moving average of GBX 515.29. The company has a market capitalization of £789.61 million, a price-to-earnings ratio of 498.02 and a beta of 0.52.

Insiders Place Their Bets

In related news, insider Stephen Redmond bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of GBX 482 ($6.14) per share, for a total transaction of £48,200 ($61,448.24). Also, insider Trevor Carvey bought 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of GBX 486 ($6.20) per share, for a total transaction of £72,900 ($92,937.28). Insiders have purchased 40,000 shares of company stock valued at $19,250,000 over the last three months. Company insiders own 6.19% of the company's stock.

About Conduit

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.