Conduit (LON:CRE) Reaches New 1-Year Low – Here’s What Happened

Conduit Holdings Limited (LON:CRE) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 441 ($5.49) and last traded at GBX 445 ($5.54), with a volume of 163562 shares trading hands. The stock had previously closed at GBX 451 ($5.61).

Conduit Trading Down 1.3 %

The company has a current ratio of 0.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of GBX 475.41 and a 200-day moving average of GBX 503.55. The firm has a market capitalization of £698.56 million, a P/E ratio of 440.59 and a beta of 0.52.

Insider Transactions at Conduit

In other Conduit news, insider Stephen Redmond bought 10,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of GBX 482 ($6.00) per share, with a total value of £48,200 ($59,972.63). Also, insider Trevor Carvey acquired 15,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of GBX 476 ($5.92) per share, with a total value of £71,400 ($88,839.12). Insiders acquired a total of 40,000 shares of company stock worth $19,250,000 in the last three months. 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.