Conrad Industries (OTCMKTS:CNRD) Stock Rating Upgraded by ValuEngine

Conrad Industries (OTCMKTS:CNRD) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, ValuEngine reports.

CNRD stock traded up $0.16 during midday trading on Wednesday, hitting $11.00. 274 shares of the company’s stock were exchanged, compared to its average volume of 3,056. The stock’s fifty day moving average price is $11.51 and its 200-day moving average price is $13.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.67 and a current ratio of 2.78. Conrad Industries has a one year low of $10.05 and a one year high of $19.05.

Conrad Industries Company Profile

Conrad Industries, Inc engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States. The company builds harbor tugs; specialty barges, such as crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges; inland tank, LPG inland tank, LPG pressure, LPG tank, and DS tank barges; and offshore support vessels, including liftboats, crew boats, offshore supply vessels, and offshore tugs, as well as other support equipment, such as deck and crane barges.

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