Crown Crafts (NASDAQ:CRWS) Stock Crosses Above 200-Day Moving Average of $5.01

Crown Crafts, Inc. (NASDAQ:CRWS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.01 and traded as high as $5.11. Crown Crafts shares last traded at $5.11, with a volume of 13,583 shares changing hands.

Crown Crafts Stock Up 1.8 %

The company has a fifty day moving average of $5.40 and a two-hundred day moving average of $5.01. The company has a market cap of $52.33 million, a PE ratio of 10.87 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 4.13.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, February 14th. The textile maker reported $0.17 earnings per share for the quarter. Crown Crafts had a return on equity of 10.02% and a net margin of 5.44%. The company had revenue of $23.80 million for the quarter.

Crown Crafts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 6.26%. Crown Crafts’s payout ratio is presently 68.09%.

Institutional Trading of Crown Crafts

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp boosted its stake in shares of Crown Crafts by 27.6% during the third quarter. Synovus Financial Corp now owns 241,220 shares of the textile maker’s stock valued at $1,136,000 after purchasing an additional 52,151 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in shares of Crown Crafts by 5.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 84,800 shares of the textile maker’s stock worth $399,000 after purchasing an additional 4,000 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Crown Crafts by 36.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 48,000 shares of the textile maker’s stock worth $226,000 after purchasing an additional 12,851 shares during the last quarter. Finally, Perritt Capital Management Inc. grew its holdings in shares of Crown Crafts by 33.3% in the third quarter. Perritt Capital Management Inc. now owns 30,000 shares of the textile maker’s stock worth $141,000 after purchasing an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.