Conduit (LON:CRE) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Conduit Holdings Limited (LON:CRE)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Price Performance

The business’s 50-day moving average price is GBX 478.75 and its 200 day moving average price is GBX 505.11. The company has a market capitalization of £717.40 million, a P/E ratio of 452.48 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.

Insiders Place Their Bets

In other Conduit news, insider Trevor Carvey acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of GBX 486 ($5.99) per share, with a total value of £72,900 ($89,889.03). Also, insider Stephen Redmond acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of GBX 482 ($5.94) per share, for a total transaction of £48,200 ($59,432.80). Insiders have bought 40,000 shares of company stock worth $19,250,000 in the last three months. 6.19% of the stock is currently owned by corporate insiders.

About Conduit

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.