Conrad Industries (OTCMKTS:CNRD) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Conrad Industries Inc. (OTCMKTS:CNRD) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $25.89 and traded as low as $25.05. Conrad Industries shares last traded at $27.25, with a volume of 4,117 shares trading hands.

Conrad Industries Price Performance

The business has a 50 day simple moving average of $25.89 and a 200 day simple moving average of $26.11. The stock has a market cap of $136.80 million, a PE ratio of 6.88 and a beta of 0.65.

Conrad Industries (OTCMKTS:CNRD) last issued its earnings results on Tuesday, March 31st. The company reported $0.94 EPS for the quarter. Conrad Industries had a return on equity of 17.11% and a net margin of 4.54%.The firm had revenue of $72.03 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.