Conifer (NASDAQ:CNFR) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Conifer Holdings, Inc. (NASDAQ:CNFR) shares passed 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 has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.20 million, a price-to-earnings ratio of 0.45 and a beta of 0.59. The stock’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.02.

Insider Activity

In other Conifer news, CEO Brian J. Roney sold 100,000 shares of the business’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 of the company’s stock, valued at approximately $820,464. The trade was a 19.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.