Conrad Industries (OTCMKTS:CNRD) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Conrad Industries' stock has surpassed its fifty-day moving average of $17.48, reaching a high of $19.25 during trading.
• The company reported $0.77 earnings per share (EPS) in its latest quarterly results, with a net margin of 4.28% and a return on equity of 16.87%.
• Conrad Industries specializes in the construction and repair of marine vessels and has a market capitalization of $95.38 million.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.48 and traded as high as $19.25. Conrad Industries shares last traded at $19.00, with a volume of 1,768 shares.

Conrad Industries Stock Performance

The company has a current ratio of 1.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $91.33 million, a P/E ratio of -53.53 and a beta of 0.52. The company's fifty day simple moving average is $17.63 and its 200 day simple moving average is $13.99.

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

About Conrad Industries

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.