Conduit (LON:CRE) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Conduit Holdings Limited (LON:CRE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 505.11 ($6.22) and traded as low as GBX 455 ($5.60). Conduit shares last traded at GBX 457 ($5.63), with a volume of 231,703 shares.

Conduit Price Performance

The stock has a market capitalization of £722.11 million, a PE ratio of 455.45 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of GBX 478.36 and a 200-day moving average price of GBX 504.92.

Insider Buying and Selling at Conduit

In other news, insider Stephen Redmond purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average cost of GBX 482 ($5.93) per share, for a total transaction of £48,200 ($59,337.68). Also, insider Trevor Carvey acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of GBX 486 ($5.98) per share, for a total transaction of £72,900 ($89,745.17). Insiders have acquired 40,000 shares of company stock worth $19,250,000 over the last ninety days. Insiders own 6.19% of the company’s stock.

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.