Crawford & Company (NYSE:CRD.B) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Crawford & Company (NYSE:CRD.B) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.93 and traded as high as $11.93. Crawford & Company shares last traded at $11.97, with a volume of 2,955 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded Crawford & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Crawford & Company Trading Down 0.6%

The firm has a 50 day simple moving average of $11.99 and a 200 day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $581.81 million, a P/E ratio of 24.94 and a beta of 0.63.

Crawford & Company (NYSE:CRD.B) last posted its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. The business had revenue of $321.44 million during the quarter, compared to analyst estimates of $336.09 million. On average, equities research analysts predict that Crawford & Company will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the completion of the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Bart sold 10,118 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.17, for a total transaction of $133,254.06. Following the sale, the executive vice president directly owned 101,277 shares in the company, valued at $1,333,818.09. This trade represents a 9.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 over the last 90 days. 51.04% of the stock is owned by company insiders.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.