Conrad Industries (OTCMKTS:CNRD) Share Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Conrad Industries' stock price surpassed its 50-day moving average of $17.94, reaching a high of $18.50 during trading.
• The company reported a net margin of 4.28% and a return on equity of 16.87% for the latest quarter.
• Conrad Industries has a market cap of $92.72 million and a P/E ratio of -54.32, indicating financial performance concerns.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.94 and traded as high as $18.50. Conrad Industries shares last traded at $18.47, with a volume of 1,386 shares.

Conrad Industries Stock Performance

The firm has a fifty day simple moving average of $18.02 and a 200-day simple moving average of $14.18. The company has a quick ratio of 1.65, a current ratio of 1.68 and a debt-to-equity ratio of 0.01.

Conrad Industries (OTCMKTS:CNRD - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.77 earnings per share for the quarter. Conrad Industries had a return on equity of 16.87% and a net margin of 4.28%.

Conrad Industries Company Profile

Conrad Industries, Inc engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States. The company builds harbor tugs; specialty barges, such as crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges; inland tank, LPG inland tank, LPG pressure, LPG tank, and DS tank barges; and offshore support vessels, including liftboats, crew boats, offshore supply vessels, and offshore tugs, as well as other support equipment, such as deck and crane barges.