Conrad Industries (OTCMKTS:CNRD) Shares Pass Above 50-Day Moving Average – What’s Next?

Conrad Industries Inc. (OTCMKTS:CNRD)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.42 and traded as high as $29.75. Conrad Industries shares last traded at $29.75, with a volume of 581 shares.

Conrad Industries Stock Performance

The company has a market capitalization of $148.09 million, a PE ratio of 8.89 and a beta of 0.54. The firm’s 50-day simple moving average is $28.50 and its 200 day simple moving average is $26.52.

Conrad Industries (OTCMKTS:CNRD) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.65 earnings per share (EPS) for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.27%.

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.