Conduit (LON:CRE) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Conduit Holdings Limited (LON:CRE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 429.88 ($5.72) and traded as low as GBX 345 ($4.59). Conduit shares last traded at GBX 353 ($4.70), with a volume of 3,427,881 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 700 ($9.31) price objective on shares of Conduit in a research report on Monday, March 31st.

Conduit Stock Up 0.1 %

The firm has a market capitalization of £709.70 million, a price-to-earnings ratio of 3.33 and a beta of 0.52. The stock's fifty day moving average is GBX 357.30 and its two-hundred day moving average is GBX 429.88.

Conduit Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th were issued a $0.18 dividend. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's payout ratio is 26.41%.

Insider Buying and Selling

In related news, insider Trevor Carvey acquired 10,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of GBX 384 ($5.11) per share, for a total transaction of £38,400 ($51,084.21). Also, insider Elaine Whelan bought 58,500 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of GBX 341 ($4.54) per share, for a total transaction of £199,485 ($265,378.48). Over the last 90 days, insiders acquired 170,416 shares of company stock worth $59,205,924. Company insiders own 6.19% 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.

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