Conrad Industries (OTCMKTS:CNRD) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Conrad Industries' stock price has exceeded its 50-day moving average of $20.50, reaching a high of $23.25 before trading at $22.90 with a volume of 3,622 shares.
• The company reported $1.16 earnings per share (EPS) for the last quarterly earnings, with revenue of $91.48 million and a net margin of 5.30%.
• Conrad Industries has a market capitalization of $114.89 million and a low debt-to-equity ratio of 0.01, indicating strong financial stability.

Conrad Industries Inc. (OTCMKTS:CNRD - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.50 and traded as high as $23.25. Conrad Industries shares last traded at $22.90, with a volume of 3,622 shares changing hands.

Conrad Industries Trading Up 1.8%

The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $114.89 million, a price-to-earnings ratio of -67.34 and a beta of 0.47. The firm has a 50-day moving average of $20.50 and a 200 day moving average of $15.77.

Conrad Industries (OTCMKTS:CNRD - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $1.16 earnings per share (EPS) for the quarter. The firm had revenue of $91.48 million during the quarter. Conrad Industries had a return on equity of 20.25% and a net margin of 5.30%.

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.

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