Crawford & Company (NYSE:CRD.B) Trading Down 6.5% – Here’s Why

Crawford & Company (NYSE:CRD.B) shares fell 6.5% during mid-day trading on Friday . The company traded as low as $10.32 and last traded at $10.4250. Approximately 527 shares traded hands during trading, a decline of 96% from the average daily volume of 14,969 shares. The stock had previously closed at $11.15.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Crawford & Company from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Crawford & Company has a consensus rating of “Sell”.

Crawford & Company Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $10.26. The stock has a market cap of $525.42 million, a PE ratio of 29.95 and a beta of 0.61.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $303.20 million. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. On average, equities analysts expect that Crawford & Company will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tami E. Stevenson sold 19,220 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was 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. The trade was a 46.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,282 shares of company stock worth $578,875 over the last quarter. Company insiders own 51.04% of the company’s stock.

About Crawford & Company

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.