Crawford & Company (NYSE:CRD.B) Shares Gap Down – Here’s What Happened

Shares of Crawford & Company (NYSE:CRD.B) gapped down prior to trading on Tuesday . The stock had previously closed at $10.79, but opened at $10.20. Crawford & Company shares last traded at $10.47, with a volume of 1,610 shares trading hands.

Wall Street Analyst Weigh In

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

Crawford & Company Trading Up 2.0%

The business has a 50 day moving average of $10.06 and a 200-day moving average of $10.26. 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 has a market capitalization of $510.55 million, a P/E ratio of 29.10 and a beta of 0.61.

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

Insider Buying and Selling

In other Crawford & Company news, SVP Tami E. Stevenson sold 7,062 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $9.90, for a total transaction of $69,913.80. Following the completion of the transaction, the senior vice president owned 15,186 shares of the company’s stock, valued at $150,341.40. This represents a 31.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 58,282 shares of company stock valued at $578,875. 51.04% of the stock is owned by company insiders.

Crawford & Company Company Profile

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.