Crown Crafts (NASDAQ:CRWS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.79 and traded as high as $2.93. Crown Crafts shares last traded at $2.87, with a volume of 64,177 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Crafts in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Crown Crafts Trading Down 1.0%

The company has a quick ratio of 1.47, a current ratio of 3.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $30.71 million, a price-to-earnings ratio of -3.22 and a beta of 0.64. The business has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.79.

Crown Crafts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.08 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.1%. Crown Crafts’s dividend payout ratio (DPR) is -35.96%.

Institutional Investors Weigh In On Crown Crafts

A number of large investors have recently modified their holdings of CRWS. Bridgeway Capital Management LLC grew its stake in Crown Crafts by 3.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 3,688 shares in the last quarter. Empowered Funds LLC grew its stake in Crown Crafts by 7.8% during the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 4,078 shares in the last quarter. Geode Capital Management LLC grew its stake in Crown Crafts by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after purchasing an additional 5,717 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in Crown Crafts during the 4th quarter valued at approximately $28,000. Finally, Mariner LLC acquired a new stake in Crown Crafts during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.