Crawford & Company (NYSE:CRD.B) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Crawford & Company (NYSE:CRD.B) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Crawford & Company Stock Performance

Shares of NYSE:CRD.B opened at $9.96 on Monday. The company has a market capitalization of $489.89 million, a price-to-earnings ratio of 25.53 and a beta of 0.71. The firm’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $10.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.14 and a quick ratio of 1.14. Crawford & Company has a fifty-two week low of $8.76 and a fifty-two week high of $11.68.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, March 2nd. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). Crawford & Company had a net margin of 1.50% and a return on equity of 26.21%. The firm had revenue of $308.52 million for the quarter, compared to analyst estimates of $332.41 million. As a group, sell-side analysts forecast that Crawford & Company will post 0.83 earnings per share for the current year.

Insider Activity

In other news, CEO Rohit Verma sold 125,414 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total value of $1,379,554.00. Following the completion of the transaction, the chief executive officer owned 205,084 shares of the company’s stock, 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 at this hyperlink. 51.04% of the stock is owned by company insiders.

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.