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

Conduit Holdings Limited (LON:CRE) shares 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 traded. The stock had previously closed at GBX 460.50 ($5.62).

Conduit Price Performance

The firm’s 50-day moving average is GBX 480.40 and its two-hundred day moving average is GBX 506.07. The company has a market cap of £713.66 million, a P/E ratio of 450.12 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

In other Conduit news, insider Stephen Redmond purchased 10,000 shares of Conduit stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of GBX 482 ($5.88) per share, for a total transaction of £48,200 ($58,845.07). Also, insider Trevor Carvey purchased 15,000 shares of Conduit stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of GBX 476 ($5.81) per share, for a total transaction of £71,400 ($87,168.84). Over the last 90 days, insiders have acquired 40,000 shares of company stock worth $19,250,000. Insiders own 6.19% of the company’s stock.

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.