Conifer (NASDAQ:CNFR) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Down 3.6 %

The stock has a market cap of $13.20 million, a P/E ratio of 0.45 and a beta of 0.59. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $1.02. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling at Conifer

In related news, CEO Brian J. Roney sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 410,232 shares in the company, valued at approximately $820,464. The trade was a 19.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 70.40% of the company’s stock.

About Conifer

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.