Crown Crafts (NASDAQ:CRWS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Crown Crafts, Inc. (NASDAQ:CRWS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.80 and traded as high as $2.98. Crown Crafts shares last traded at $2.97, with a volume of 105,474 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Crown Crafts Price Performance

The business’s fifty day moving average price is $2.79 and its 200 day moving average price is $2.80. The company has a market capitalization of $31.74 million, a P/E ratio of 16.39 and a beta of 0.65. The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%. The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $22.30 million.

Crown Crafts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.8%. Crown Crafts’s dividend payout ratio is presently 177.78%.

Institutional Trading of Crown Crafts

Several institutional investors have recently bought and sold shares of CRWS. LPL Financial LLC acquired a new position in Crown Crafts in the fourth quarter valued at about $477,000. Weinberger Asset Management Inc acquired a new stake in shares of Crown Crafts during the fourth quarter worth approximately $61,000. Renaissance Technologies LLC increased its holdings in shares of Crown Crafts by 7.9% during the first quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock worth $663,000 after buying an additional 18,800 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Crown Crafts in the fourth quarter valued at approximately $41,000. Finally, XTX Topco Ltd acquired a new position in shares of Crown Crafts in the 4th quarter worth approximately $32,000. 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.