Crawford & Company (NYSE:CRD.B) Stock Rating Lowered by Zacks Research

Crawford & Company (NYSE:CRD.B) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Crawford & Company Stock Performance

Shares of Crawford & Company stock opened at $9.96 on Monday. The business has a 50-day moving average price of $10.40 and a two-hundred day moving average price of $10.37. Crawford & Company has a 1-year low of $8.76 and a 1-year high of $11.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. The company has a market cap of $489.89 million, a P/E ratio of 25.53 and a beta of 0.71.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, March 2nd. The business services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.08). Crawford & Company had a net margin of 1.50% and a return on equity of 26.21%. The business had revenue of $308.52 million for the quarter, compared to the consensus estimate of $332.41 million. As a group, analysts anticipate 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 the firm’s 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 of the company’s stock, valued at $2,255,924. This trade represents a 37.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

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.