Conduit (LON:CRE) Stock Crosses Above Two Hundred Day Moving Average of $473.88

Conduit Holdings Limited (LON:CRE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 473.88 ($5.95) and traded as high as GBX 508 ($6.38). Conduit shares last traded at GBX 501 ($6.29), with a volume of 108,208 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on Conduit from GBX 635 ($7.98) to GBX 695 ($8.73) and gave the company a "buy" rating in a research note on Wednesday, February 21st.

Conduit Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 0.59. The company has a 50 day moving average of GBX 497.96 and a two-hundred day moving average of GBX 474.09. The stock has a market cap of £791.18 million, a PE ratio of 530.53 and a beta of 0.48.

Conduit Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, March 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 3.06%. Conduit's dividend payout ratio is presently 2,947.37%.

Insider Buying and Selling

In other news, insider Trevor Carvey acquired 9,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of GBX 504 ($6.33) per share, for a total transaction of £45,360 ($56,977.77). In other news, insider Trevor Carvey acquired 9,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average cost of GBX 504 ($6.33) per share, for a total transaction of £45,360 ($56,977.77). Also, insider Neil David Eckert bought 1,234 shares of the stock in a transaction dated Friday, April 5th. The shares were bought at an average price of GBX 497 ($6.24) per share, for a total transaction of £6,132.98 ($7,703.78). In the last three months, insiders have bought 12,247 shares of company stock worth $6,147,746. Insiders own 6.16% of the company's stock.

About Conduit

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.