Conrad Industries (OTCMKTS:CNRD) Share Price Passes Above 50 Day Moving Average – What’s Next?

Conrad Industries Inc. (OTCMKTS:CNRD) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $28.02 and traded as high as $29.00. Conrad Industries shares last traded at $28.72, with a volume of 1,211 shares changing hands.

Conrad Industries Price Performance

The firm has a market capitalization of $144.17 million, a P/E ratio of 8.65 and a beta of 0.53. The firm’s 50 day moving average is $28.02 and its two-hundred day moving average is $26.31.

Conrad Industries (OTCMKTS:CNRD) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.65 earnings per share (EPS) for the quarter. Conrad Industries had a net margin of 5.68% and a return on equity of 16.55%.

Conrad Industries Company Profile

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.