Conrad Industries (OTCMKTS:CNRD) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Conrad Industries Inc. (OTCMKTS:CNRD)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $26.23 and traded as low as $26.00. Conrad Industries shares last traded at $26.9902, with a volume of 8,807 shares changing hands.

Conrad Industries Stock Down 2.2%

The company has a 50 day simple moving average of $26.23 and a two-hundred day simple moving average of $23.68. The company has a market capitalization of $135.44 million, a P/E ratio of 8.94 and a beta of 0.63.

Conrad Industries (OTCMKTS:CNRD) last released its earnings results on Friday, November 14th. The company reported $1.09 earnings per share 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 $83.55 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.