Conrad Industries (OTCMKTS:CNRD) Shares Cross Above 50 Day Moving Average – Here’s Why

Conrad Industries Inc. (OTCMKTS:CNRDGet Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $26.40 and traded as high as $27.00. Conrad Industries shares last traded at $26.75, with a volume of 2,502 shares changing hands.

Conrad Industries Price Performance

The stock has a market cap of $134.29 million, a P/E ratio of 8.86 and a beta of 0.63. The firm’s fifty day moving average price is $26.40 and its two-hundred day moving average price is $25.11.

About Conrad Industries

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Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.

Further Reading

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