Conduit (LON:CRE) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Shares of Conduit Holdings Limited (LON:CRE - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 421.83 ($5.71) and traded as low as GBX 368.03 ($4.98). Conduit shares last traded at GBX 373.50 ($5.05), with a volume of 1,256,149 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 700 ($9.47) price target on shares of Conduit in a report on Monday, March 31st.

Conduit Stock Performance

The business has a fifty day simple moving average of GBX 352.75 and a 200-day simple moving average of GBX 418.25. The stock has a market capitalization of £772.02 million, a P/E ratio of 3.62 and a beta of 0.52.

Insider Buying and Selling

In other Conduit news, insider Neil David Eckert bought 31,916 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of GBX 364 ($4.93) per share, with a total value of £116,174.24 ($157,204.65). Also, insider Trevor Carvey bought 70,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were acquired at an average cost of GBX 340 ($4.60) per share, with a total value of £238,000 ($322,056.83). Insiders have bought a total of 163,916 shares of company stock worth $56,657,424 in the last ninety days. Corporate insiders own 6.19% of the company's stock.

Conduit Company Profile

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.