Conduit (LON:CRE) Reaches New 1-Year Low – Time to Sell?

Conduit Holdings Limited (LON:CRE)’s stock price hit a new 52-week low on Monday . The stock traded as low as GBX 451 ($5.51) and last traded at GBX 452.35 ($5.52), with a volume of 152682 shares changing hands. The stock had previously closed at GBX 460.50 ($5.62).

Conduit Price Performance

The company has a quick ratio of 1.19, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a market cap of £713.66 million, a PE ratio of 450.12 and a beta of 0.52. The firm’s fifty day simple moving average is GBX 480.40 and its two-hundred day simple moving average is GBX 506.07.

Insider Buying and Selling at Conduit

In related news, insider Trevor Carvey bought 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of GBX 486 ($5.93) per share, with a total value of £72,900 ($89,000.12). Also, insider Stephen Redmond bought 10,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of GBX 482 ($5.88) per share, for a total transaction of £48,200 ($58,845.07). Insiders have bought 40,000 shares of company stock valued at $19,250,000 over the last 90 days. 6.19% of the stock is currently owned by corporate insiders.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.