Crown Crafts (NASDAQ:CRWS) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.79 and traded as high as $2.93. Crown Crafts shares last traded at $2.87, with a volume of 64,177 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Crown Crafts has an average rating of “Sell”.

Crown Crafts Trading Down 1.0%

The stock has a market capitalization of $30.71 million, a PE ratio of -3.22 and a beta of 0.64. The company has a current ratio of 3.43, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.79.

Crown Crafts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.08 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.1%. Crown Crafts’s dividend payout ratio (DPR) is -35.96%.

Hedge Funds Weigh In On Crown Crafts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in Crown Crafts by 7.8% in the fourth quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 4,078 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Crown Crafts during the fourth quarter valued at approximately $32,000. Mariner LLC acquired a new position in shares of Crown Crafts during the fourth quarter worth $28,000. LPL Financial LLC purchased a new position in shares of Crown Crafts in the fourth quarter valued at $477,000. Finally, Geode Capital Management LLC boosted its stake in shares of Crown Crafts by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after purchasing an additional 5,717 shares during the period. 30.23% of the stock is owned by institutional investors and hedge funds.

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.