Conrad Industries (OTCMKTS:CNRD) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Conrad Industries Inc. (OTCMKTS:CNRD) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $29.57 and traded as high as $29.95. Conrad Industries shares last traded at $29.80, with a volume of 4,221 shares traded.

Conrad Industries Stock Up 2.8%

The stock has a market cap of $149.54 million, a price-to-earnings ratio of 8.98 and a beta of 0.54. The stock’s fifty day moving average is $29.57 and its 200-day moving average is $26.94.

Conrad Industries (OTCMKTS:CNRD) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.65 earnings per share (EPS) for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.27%.

About Conrad Industries

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company that designs, constructs, repairs and overhauls vessels for commercial and government customers. Its work serves marine transportation, energy, towing, dredging, offshore support and other specialized maritime markets.

The company builds a range of vessels, including tugboats, barges, liftboats, ferries, offshore service vessels and other custom-designed marine craft. Conrad also provides vessel repair, conversion, maintenance and refurbishment services, helping customers extend the operating lives of their fleets and adapt vessels for new applications.

Conrad Industries operates shipbuilding facilities in Louisiana, including locations in Morgan City and Amelia.