Conrad Industries (OTCMKTS:CNRD) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Conrad Industries Inc. (OTCMKTS:CNRD)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.65 and traded as high as $30.86. Conrad Industries shares last traded at $30.86, with a volume of 1,609 shares changing hands.

Conrad Industries Price Performance

The company has a 50-day moving average of $26.91 and a 200 day moving average of $25.99. The company has a market cap of $155.62 million, a PE ratio of 8.06 and a beta of 0.53.

Conrad Industries (OTCMKTS:CNRD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $69.35 million during the quarter. Conrad Industries had a return on equity of 19.54% and a net margin of 6.07%.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.