Conrad Industries (OTCMKTS:CNRD) Shares Cross Above 50-Day Moving Average – Here’s Why

Conrad Industries, Inc. (OTCMKTS:CNRD) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.06 and traded as high as $12.51. Conrad Industries shares last traded at $12.50, with a volume of 6,047 shares trading hands.

Conrad Industries Stock Down 1.6 %

The firm’s 50 day simple moving average is $12.14 and its 200-day simple moving average is $10.61. The company has a market cap of $61.75 million, a price-to-earnings ratio of -36.18 and a beta of 0.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.72 and a quick ratio of 1.68.

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.