Conrad Industries (OTCMKTS:CNRD) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Conrad Industries Inc. (OTCMKTS:CNRD)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.25 and traded as low as $26.12. Conrad Industries shares last traded at $26.4158, with a volume of 3,804 shares traded.

Conrad Industries Trading Up 0.6%

The business has a fifty day simple moving average of $26.22 and a two-hundred day simple moving average of $24.16. The company has a market cap of $131.78 million, a PE ratio of 8.69 and a beta of 0.63.

Conrad Industries (OTCMKTS:CNRD) last released its earnings results on Friday, November 14th. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $83.55 million during the quarter. Conrad Industries had a net margin of 4.54% and a return on equity of 17.11%.

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.