Conrad Industries (OTCMKTS:CNRD) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Conrad Industries Inc. (OTCMKTS:CNRD – Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $27.02 and traded as low as $26.55. Conrad Industries shares last traded at $26.60, with a volume of 2,091 shares.

Conrad Industries Stock Down 2.0%

The firm’s fifty day moving average is $28.92 and its two-hundred day moving average is $27.02. The firm has a market cap of $133.53 million, a P/E ratio of 8.01 and a beta of 0.54.

Conrad Industries (OTCMKTS:CNRD – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.65 EPS for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.27%.

Conrad Industries Company Profile

(Get Free Report)

Conrad Industries, Inc is a shipbuilding and marine repair company headquartered in Morgan City, Louisiana. Founded in 1948, the company designs, constructs, repairs and converts vessels for commercial, military and government customers.

Its projects have included tugboats, towboats, ferries, offshore support vessels, dredges, barges and other specialized marine equipment. Conrad works with both steel and aluminum construction and provides services such as vessel maintenance, refurbishment, conversion and repair.

The company operates shipyards along the U.S.

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