Conrad Industries (OTCMKTS:CNRD) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Conrad Industries, Inc. (OTCMKTS:CNRD) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Conrad Industries Trading Down 0.6 %

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

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

About Conrad Industries

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.