Conduit (LON:CRE) Hits New 52-Week Low – Here’s What Happened

Conduit Holdings Limited (LON:CRE) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 441 ($5.47) and last traded at GBX 445 ($5.51), with a volume of 163562 shares traded. The stock had previously closed at GBX 451 ($5.59).

Conduit Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 1.19. The stock’s fifty day simple moving average is GBX 473.68 and its 200-day simple moving average is GBX 502.76. The stock has a market cap of £714.26 million, a P/E ratio of 450.50 and a beta of 0.52.

Insider Buying and Selling

In other Conduit news, insider Trevor Carvey acquired 15,000 shares of Conduit stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of GBX 476 ($5.90) per share, for a total transaction of £71,400 ($88,486.80). Also, insider Stephen Redmond bought 10,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of GBX 482 ($5.97) per share, for a total transaction of £48,200 ($59,734.79). In the last 90 days, insiders have purchased 40,000 shares of company stock valued at $19,250,000. Insiders own 6.19% of the company’s stock.

Conduit Company Profile

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.