Conduit (LON:CRE) Stock Price Down 0.4% – Should You Sell?

Conduit Holdings Limited (LON:CRE)’s stock price fell 0.4% on Friday . The company traded as low as GBX 500 ($6.37) and last traded at GBX 503 ($6.41). 114,918 shares were traded during trading, a decline of 71% from the average session volume of 398,365 shares. The stock had previously closed at GBX 505 ($6.44).

Conduit Stock Down 0.4 %

The stock has a 50-day moving average of GBX 504.86 and a 200 day moving average of GBX 515.29. The company has a market cap of £789.61 million, a P/E ratio of 498.02 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 1.19.

Insider Buying and Selling at Conduit

In other Conduit news, insider Trevor Carvey bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of GBX 486 ($6.20) per share, with a total value of £72,900 ($92,937.28). Also, insider Stephen Redmond bought 10,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of GBX 482 ($6.14) per share, for a total transaction of £48,200 ($61,448.24). Insiders have acquired a total of 40,000 shares of company stock worth $19,250,000 over the last 90 days. Insiders own 6.19% of the company’s stock.

About Conduit

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.