Conrad Industries (OTCMKTS:CNRD) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Conrad Industries Inc. (OTCMKTS:CNRD) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.10 and traded as low as $25.12. Conrad Industries shares last traded at $25.9999, with a volume of 2,812 shares.

Conrad Industries Stock Up 2.9%

The stock has a market capitalization of $130.52 million, a price-to-earnings ratio of 8.61 and a beta of 0.63. The business has a 50-day moving average of $26.10 and a 200-day moving average of $21.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.78 and a current ratio of 1.82.

Conrad Industries (OTCMKTS:CNRD) last posted its earnings results on Friday, November 14th. The company reported $1.09 EPS for the quarter. The company had revenue of $83.55 million for the quarter. Conrad Industries had a net margin of 4.54% and a return on equity of 17.64%.

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.