Conifer (NASDAQ:CNFR) Shares Cross Below 50-Day Moving Average – Time to Sell?

Conifer Holdings, Inc. (NASDAQ:CNFR)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.14 and traded as low as $0.98. Conifer shares last traded at $1.12, with a volume of 6,260 shares traded.

Conifer Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.03. The company has a market cap of $13.69 million, a price-to-earnings ratio of 0.46 and a beta of 0.56.

Insider Activity

In other news, CEO Brian J. Roney sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief executive officer now owns 410,232 shares in the company, valued at $820,464. This trade represents a 19.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 70.40% of the company’s stock.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.