Crawford & Company (NYSE:CRD.A) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Crawford & Company (NYSE:CRD.A)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.64 and traded as high as $11.30. Crawford & Company shares last traded at $11.09, with a volume of 63,020 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Crawford & Company from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $14.00.

Crawford & Company Price Performance

The business has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $10.64. The firm has a market cap of $540.53 million, a P/E ratio of 30.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Crawford & Company (NYSE:CRD.A) last issued its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share for the quarter. The firm had revenue of $320.13 million for the quarter. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.

Insiders Place Their Bets

In related news, EVP Andrew John Bart sold 14,005 shares of the firm’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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction on Friday, May 8th. The shares were sold at an average price of $9.90, for a total transaction of $69,913.80. Following the completion of the sale, the senior vice president owned 15,186 shares in the company, valued at approximately $150,341.40. This trade represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,282 shares of company stock valued at $578,875 in the last ninety days. 54.27% of the stock is currently owned by insiders.

About Crawford & Company

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.