Crawford & Company (NYSE:CRD.B) Shares Down 5.9% – Here’s What Happened

Crawford & Company (NYSE:CRD.B) traded down 5.9% during trading on Tuesday . The stock traded as low as $10.60 and last traded at $10.54. 11,781 shares traded hands during mid-day trading, an increase of 220% from the average session volume of 3,682 shares. The stock had previously closed at $11.20.

Crawford & Company Trading Down 1.5%

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The company has a market cap of $523.30 million, a P/E ratio of 16.36 and a beta of 0.70. The business has a 50-day moving average price of $10.46 and a two-hundred day moving average price of $10.25.

Crawford & Company (NYSE:CRD.B) last posted its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $322.17 million for the quarter, compared to analysts’ expectations of $344.32 million. Crawford & Company had a return on equity of 28.00% and a net margin of 2.42%. On average, analysts predict that Crawford & Company will post 0.83 EPS for the current year.

Insider Activity

In other news, CEO Rohit Verma sold 125,414 shares of Crawford & Company stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total transaction of $1,379,554.00. Following the completion of the sale, the chief executive officer owned 205,084 shares in the company, valued at $2,255,924. The trade was a 37.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 51.04% of the company’s stock.

About Crawford & Company

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.