Conifer (NASDAQ:CNFR) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Conifer Holdings, Inc. (NASDAQ:CNFR) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.14 and traded as low as $0.98. Conifer shares last traded at $1.12, with a volume of 6,260 shares changing hands.

Conifer Stock Performance

The firm has a market cap of $13.69 million, a P/E ratio of 0.46 and a beta of 0.56. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $1.14 and a 200-day moving average of $1.03.

Insider Transactions at Conifer

In other news, CEO Brian J. Roney sold 100,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2.00, for a total value of $200,000.00. Following the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at $820,464. This trade represents a 19.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 70.40% of the stock is owned by corporate insiders.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.