Conrad Industries (OTCMKTS:CNRD) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

Conrad Industries Inc. (OTCMKTS:CNRD)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-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 trading hands.

Conrad Industries Stock Down 2.0%

The company has a 50-day moving average price of $28.92 and a 200-day moving average price of $27.02. The company has a market capitalization of $133.53 million, a price-to-earnings ratio of 8.01 and a beta of 0.54.

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

Conrad Industries Company Profile

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.