Conduit (LON:CRE) Reaches New 1-Year High – What’s Next?

Conduit Holdings Limited (LON:CRE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 451.50 and last traded at GBX 448, with a volume of 195854 shares changing hands. The stock had previously closed at GBX 441.

Conduit Stock Performance

The stock’s fifty day moving average is GBX 430.62 and its two-hundred day moving average is GBX 390.26. The firm has a market capitalization of £661.04 million, a price-to-earnings ratio of 6.02 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 443.50.

Insider Buying and Selling at Conduit

In other news, insider Neil David Eckert sold 4,850 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 407, for a total transaction of £19,739.50. Also, insider Ken Randall sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 427, for a total value of £234,850. Corporate insiders own 1.64% of the company’s stock.

Conduit Company Profile

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE).