Conrad Industries (OTCMKTS:CNRD) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Conrad Industries Inc. (OTCMKTS:CNRD) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $25.00 and traded as high as $25.50. Conrad Industries shares last traded at $25.2540, with a volume of 3,229 shares traded.

Conrad Industries Stock Performance

The company has a market cap of $126.78 million, a P/E ratio of 6.59 and a beta of 0.55. The firm’s fifty day moving average is $25.00 and its two-hundred day moving average is $25.80.

Conrad Industries (OTCMKTS:CNRD) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.64 EPS for the quarter. Conrad Industries had a return on equity of 19.95% and a net margin of 6.07%.The business had revenue of $69.35 million for the quarter.

Conrad Industries Company Profile

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.