Conduit (LON:CRE) Sets New 1-Year High - Here's Why

Key Points

• Shares of Conduit (LON:CRE) hit a new 52-week high, trading as high as GBX 451.50 and last at GBX 448 on a volume of 195,854 shares.
• The stock trades with a market cap of £669.96m and a low P/E of 6.03, sits above its 50-day (GBX 429.67) and 200-day (GBX 388.73) moving averages, and Conduit Re carries an A- Financial Strength rating from A.M. Best.
• Insiders have been selling recently—Neil Eckert sold 4,850 shares at GBX 407 (~£19,740) and Ken Randall sold 55,000 shares at GBX 427 (~£234,850)—with insiders owning 1.64% of the company.

Shares of Conduit Holdings Limited (LON:CRE - ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 451.50 and last traded at GBX 448, with a volume of 195854 shares. The stock had previously closed at GBX 441.

Conduit Stock Performance

The firm has a fifty day moving average of GBX 429.67 and a 200-day moving average of GBX 388.73. The stock has a market capitalization of £669.96 million, a price-to-earnings ratio of 6.03 and a beta of 0.58. The company has a quick ratio of 1.19, a current ratio of 443.50 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Conduit

In other Conduit news, insider Neil David Eckert sold 4,850 shares of the firm's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 407, for a total transaction of £19,739.50. Also, insider Ken Randall sold 55,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of GBX 427, for a total value of £234,850. Company insiders own 1.64% of the company's stock.

About Conduit

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. The outlook assigned to these ratings is stable. Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange ticker: CRE.

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