Conrad Industries (OTCMKTS:CNRD) Share Price Crosses Above 50-Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemConrad Industries Inc. (OTCMKTS:CNRD – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $29.04 and traded as high as $29.80. Conrad Industries shares last traded at $29.80, with a volume of 500 shares.
Conrad Industries Stock Performance
The company has a market cap of $145.33 million, a price-to-earnings ratio of 8.58 and a beta of 0.53. The company has a fifty day moving average of $29.19 and a two-hundred day moving average of $26.72.
Conrad Industries (OTCMKTS:CNRD – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.65 earnings per share for the quarter. Conrad Industries had a return on equity of 16.27% and a net margin of 5.68%.
About Conrad Industries
Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.
Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.