Crawford & Company (NYSE:CRD.A) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.A) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.67 and traded as high as $11.25. Crawford & Company shares last traded at $11.0450, with a volume of 48,190 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Crawford & Company from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $14.00.

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average of $10.80 and a 200-day moving average of $10.66. The firm has a market cap of $528.98 million, a P/E ratio of 30.15 and a beta of 0.80.

Crawford & Company (NYSE:CRD.A) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $320.13 million for the quarter. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%.

Insider Activity

In other news, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the transaction, the executive vice president owned 113,390 shares in the company, valued at $1,170,184.80. The trade was a 10.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tami E. Stevenson sold 19,220 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $9.46, for a total value of $181,821.20. Following the completion of the transaction, the senior vice president directly owned 22,248 shares of the company’s stock, valued at approximately $210,466.08. This represents a 46.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,282 shares of company stock worth $578,875. 54.27% of the stock is owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.