Conduit (LON:CRE) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Shares of Conduit (LON:CRE) crossed above its 200-day moving average
• Two insiders recently sold stock—Neil David Eckert sold 4,850 shares at GBX 407 and Ken Randall sold 55,000 shares at GBX 427—while company insiders collectively hold 1.64% of shares.
• Conduit has a market cap of £646.44m, a low P/E of 5.72 and debt-to-equity of 0.07, and its reinsurance unit carries an A.M. Best A- (Excellent) rating with a positive outlook.

Shares of Conduit Holdings Limited (LON:CRE - ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 372.26 and traded as high as GBX 427. Conduit shares last traded at GBX 423.50, with a volume of 406,582 shares.

Conduit Stock Performance

The stock has a market cap of £646.44 million, a P/E ratio of 5.72 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 443.50 and a quick ratio of 1.19. The stock's 50 day simple moving average is GBX 411.50 and its two-hundred day simple moving average is GBX 372.26.

Insiders Place Their Bets

In related news, insider Neil David Eckert sold 4,850 shares of the business's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 407, for a total value of £19,739.50. Also, insider Ken Randall sold 55,000 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of GBX 427, for a total transaction 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 positive. Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange

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