Conifer (NASDAQ:CNFR) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Conifer Holdings, Inc. (NASDAQ:CNFR) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.15 and traded as high as $1.20. Conifer shares last traded at $1.17, with a volume of 26,678 shares traded.

Conifer Stock Performance

The company’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.02. The company has a market capitalization of $14.30 million, a P/E ratio of 0.48 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34.

Insider Transactions at Conifer

In other news, CEO Brian J. Roney sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2.00, for a total value of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at approximately $820,464. This represents a 19.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 70.40% of the company’s stock.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.