Conifer (NASDAQ:CNFR) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Conifer Holdings, Inc. (NASDAQ:CNFR)’s stock price crossed 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.

Conifer Trading Up 5.7 %

The stock has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $1.03. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. 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 Conifer news, CEO Brian J. Roney sold 100,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 410,232 shares of the company’s stock, valued at $820,464. This trade represents a 19.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.