Conrad Industries (OTCMKTS:CNRD) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Conrad Industries, Inc. (OTCMKTS:CNRD) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.39 and traded as high as $10.50. Conrad Industries shares last traded at $10.45, with a volume of 7,820 shares trading hands.

Conrad Industries Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.68 and a quick ratio of 1.63. The business’s 50-day moving average is $10.39 and its 200 day moving average is $9.23. The firm has a market capitalization of $52.46 million, a P/E ratio of -2.56 and a beta of 0.46.

Conrad Industries (OTCMKTS:CNRD) last announced its earnings results on Wednesday, August 14th. The company reported $0.44 EPS for the quarter. The company had revenue of $85.34 million for the quarter. Conrad Industries had a negative net margin of 4.66% and a negative return on equity of 16.49%.

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.