Conifer (NASDAQ:CNFR) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shares of Conifer Holdings, Inc. (NASDAQ:CNFRGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.81 and traded as low as $0.79. Conifer shares last traded at $0.81, with a volume of 9,934 shares trading hands.

Conifer Stock Up 1.9%

The firm has a market cap of $9.67 million, a P/E ratio of 0.33 and a beta of 0.73. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.71 and a current ratio of 0.71.

Conifer (NASDAQ:CNFRGet Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The insurance provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.18). The business had revenue of $16.13 million for the quarter, compared to the consensus estimate of $21.82 million. Conifer had a net margin of 48.57% and a negative return on equity of 123.82%.

Institutional Trading of Conifer

An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC bought a new stake in Conifer Holdings, Inc. (NASDAQ:CNFRFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned about 0.18% of Conifer at the end of the most recent reporting period. Institutional investors and hedge funds own 34.88% of the company’s stock.

Conifer Company Profile

(Get Free Report)

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.

Further Reading

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