Conrad Industries (OTCMKTS:CNRD) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

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 $29.41 and traded as low as $28.14. Conrad Industries shares last traded at $28.60, with a volume of 2,363 shares trading hands.

Conrad Industries Price Performance

The stock’s 50 day moving average price is $29.32 and its two-hundred day moving average price is $27.16. The firm has a market capitalization of $144.32 million, a price-to-earnings ratio of 8.66 and a beta of 0.54.

Conrad Industries (OTCMKTS:CNRD) last posted its 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 shipbuilding and marine services company that designs, builds, repairs and converts commercial and government vessels. Through its shipyard operations, the company works primarily with steel and aluminum vessels used in marine transportation, offshore energy, dredging, towing and other specialized maritime applications.

Its products and services include inland and coastal tank barges, dry cargo barges, towboats, tugboats, passenger vessels, ferries, offshore support vessels and other custom-built marine equipment.