Conduit Holdings Limited (LON:CRE – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 448 and last traded at GBX 448, with a volume of 1210768 shares. The stock had previously closed at GBX 432.
Conduit Stock Up 2.5%
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 443.50. The company has a market capitalization of £676.21 million, a PE ratio of 5.99 and a beta of 0.61. The firm’s 50-day simple moving average is GBX 401.64 and its 200 day simple moving average is GBX 361.63.
Insider Activity at Conduit
In related news, insider Ken Randall sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 427, for a total value of £234,850. 1.64% of the stock is owned by company insiders.
About Conduit
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 positive.
Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on the London Stock Exchange
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