Crown Crafts (NASDAQ:CRWS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.87 and traded as high as $2.89. Crown Crafts shares last traded at $2.87, with a volume of 23,963 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Crown Crafts Trading Up 2.1%

The stock’s 50 day moving average price is $2.93 and its 200-day moving average price is $2.87. The company has a quick ratio of 1.47, a current ratio of 3.43 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $31.46 million, a PE ratio of -3.30 and a beta of 0.60.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings data on Wednesday, February 11th. The textile maker reported $0.14 EPS for the quarter. The firm had revenue of $20.72 million for the quarter. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%.

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a yield of 10.9%. Crown Crafts’s dividend payout ratio (DPR) is currently -35.96%.

Hedge Funds Weigh In On Crown Crafts

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC purchased a new stake in shares of Crown Crafts during the fourth quarter worth about $477,000. Weinberger Asset Management Inc purchased a new position in Crown Crafts in the 4th quarter worth approximately $61,000. Synovus Financial Corp lifted its holdings in Crown Crafts by 7.5% in the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after purchasing an additional 21,122 shares in the last quarter. HB Wealth Management LLC bought a new position in Crown Crafts in the 4th quarter worth approximately $41,000. Finally, XTX Topco Ltd bought a new position in Crown Crafts in the 4th quarter worth approximately $32,000. Institutional investors 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.