Crawford & Company (NYSE:CRD.A) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.A)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.32 and traded as high as $12.10. Crawford & Company shares last traded at $11.92, with a volume of 73,898 shares.

Analyst Upgrades and Downgrades

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

Crawford & Company Trading Up 5.5%

The firm has a market capitalization of $579.43 million, a PE ratio of 22.49 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.17. The firm has a fifty day moving average of $12.60 and a 200 day moving average of $11.32.

Crawford & Company (NYSE:CRD.A) last released its quarterly earnings results on Monday, November 2nd. The business services provider reported $0.37 earnings per share for the quarter. The firm had revenue of $329.91 million during the quarter. Crawford & Company had a return on equity of 29.17% and a net margin of 2.01%.

Insider Buying and Selling

In other news, EVP Andrew Bart sold 3,305 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.36, for a total transaction of $44,154.80. Following the transaction, the executive vice president directly owned 86,395 shares of the company’s stock, valued at approximately $1,154,237.20. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Jesse Crawford sold 1,000,000 shares of the company’s stock in a transaction 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 $56,968,478.28. This trade represents a 18.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,020,093 shares of company stock worth $13,075,773 in the last quarter. Insiders own 54.27% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company is a global provider of claims management and related services for the insurance industry, corporations and government entities. The company helps clients manage property and casualty claims from initial assessment through resolution, with services that include loss adjusting, claims administration, catastrophe response, appraisal, subrogation and settlement support.

Through its Broadspire operations, Crawford also provides third-party administration and specialized workers’ compensation, disability and liability claims services.