Crawford & Company (NYSE:CRD.B) Shares Gap Up – Time to Buy?

Crawford & Company (NYSE:CRD.B) shares gapped up prior to trading on Friday. The stock had previously closed at $11.07, but opened at $11.64. Crawford & Company shares last traded at $11.4050, with a volume of 114 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Crawford & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Crawford & Company Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The company has a market cap of $547.61 million, a P/E ratio of 21.28 and a beta of 0.69. The company has a 50 day moving average price of $11.82 and a 200-day moving average price of $10.81.

Crawford & Company (NYSE:CRD.B) last issued its earnings results on Monday, November 2nd. The business services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. The firm had revenue of $321.63 million during the quarter, compared to the consensus estimate of $325.39 million. Crawford & Company had a return on equity of 29.17% and a net margin of 2.01%. On average, equities analysts expect that Crawford & Company will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crawford & Company news, EVP Andrew Bart sold 3,829 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $11.98, for a total transaction of $45,871.42. Following the sale, the executive vice president directly owned 93,165 shares of the company’s stock, valued at $1,116,116.70. The trade was a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 13,895 shares of company stock worth $179,491. 51.04% of the stock is owned by company insiders.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for insurers, businesses, brokers and public-sector organizations. Founded in 1941 and headquartered in Atlanta, Georgia, the company serves clients across a broad range of industries and geographies. Its services include property and casualty claims adjusting, workers’ compensation and other third-party claims administration, medical management, and support for catastrophe response. Crawford also provides technology-enabled claims solutions and outsourcing services designed to help clients manage claims throughout their lifecycle.