Crawford & Company (NYSE:CRD.A) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Crawford & Company (NYSE:CRD.A)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.54 and traded as high as $12.79. Crawford & Company shares last traded at $12.4550, with a volume of 31,489 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Crawford & Company from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Crawford & Company has a consensus rating of “Buy” and a consensus price target of $14.00.

Crawford & Company Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.82. The business’s 50-day simple moving average is $12.82 and its 200-day simple moving average is $11.54. The stock has a market cap of $605.44 million, a PE ratio of 26.50 and a beta of 0.80.

Crawford & Company (NYSE:CRD.A) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 EPS for the quarter. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. The company had revenue of $321.44 million during the quarter.

Insiders Place Their Bets

In related news, major shareholder Jesse Crawford sold 1,000,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.81, for a total value of $12,810,000.00. Following the transaction, the insider owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Bart sold 10,118 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the sale, the executive vice president owned 101,277 shares in the company, valued at approximately $1,333,818.09. The trade was a 9.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,020,093 shares of company stock valued at $13,075,773 in the last quarter. 54.27% of the stock is owned by company insiders.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.A) is a global provider of claims management and related outsourcing services for insurance companies, corporations, brokers and government entities. The company helps clients manage property, casualty and workers’ compensation claims, from initial assessment and loss adjusting through settlement and resolution.

Its services include catastrophe response, property and casualty claims administration, third-party claims administration, workers’ compensation management, medical management, disability and absence services, and legal settlement administration.