Conduit (LON:CRE) Sets New 12-Month Low – Should You Sell?

Conduit Holdings Limited (LON:CRE) shares reached a new 52-week low during trading on Wednesday . The company 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 market capitalization of £698.56 million, a P/E ratio of 440.59 and a beta of 0.52. The company’s fifty day simple moving average is GBX 475.41 and its 200-day simple moving average is GBX 503.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 0.55.

Insiders Place Their Bets

In other Conduit news, insider Trevor Carvey bought 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of GBX 486 ($6.05) per share, for a total transaction of £72,900 ($90,705.49). Also, insider Stephen Redmond acquired 10,000 shares of Conduit stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of GBX 482 ($6.00) per share, with a total value of £48,200 ($59,972.63). Insiders purchased 40,000 shares of company stock valued at $19,250,000 in the last three months. 6.19% of the stock is currently owned by insiders.

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.