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

Crawford & Company (NYSE:CRD.A)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.32 and traded as high as $12.10. Crawford & Company shares last traded at $11.92, with a volume of 73,898 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Crawford & Company from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Crawford & Company has a consensus rating of “Buy” and an average target price of $14.00.

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50-day moving average price of $12.54 and a two-hundred day moving average price of $11.33. The company has a market cap of $565.82 million, a PE ratio of 11.74 and a beta of 0.85.

Crawford & Company (NYSE:CRD.A) last released its quarterly earnings results on Monday, November 2nd. The business services provider reported $0.37 earnings per share (EPS) for the quarter. Crawford & Company had a return on equity of 29.46% and a net margin of 2.01%. The company had revenue of $329.91 million during the quarter.

Insiders Place Their Bets

In other Crawford & Company news, EVP Andrew Bart sold 10,118 shares of Crawford & Company stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.17, for a total transaction of $133,254.06. Following the sale, the executive vice president directly owned 101,277 shares of the company’s stock, valued at approximately $1,333,818.09. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jesse Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total value of $12,810,000.00. Following the completion of the transaction, the insider directly owned 4,447,188 shares in the company, valued at $56,968,478.28. The trade was a 18.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,020,093 shares of company stock valued at $13,075,773 over the last 90 days. 54.27% of the stock is currently owned by corporate insiders.

Crawford & Company Company Profile

Crawford & Company is a global provider of claims management and related services for the insurance industry, corporations and government entities. The company helps clients manage property and casualty claims from initial assessment through resolution, with services that include loss adjusting, claims administration, catastrophe response, appraisal, subrogation and settlement support.

Through its Broadspire operations, Crawford also provides third-party administration and specialized workers’ compensation, disability and liability claims services.