Crown Crafts (NASDAQ:CRWS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Crown Crafts, Inc. (NASDAQ:CRWS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.85 and traded as high as $3.03. Crown Crafts shares last traded at $3.02, with a volume of 34,304 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Crown Crafts Trading Up 0.7%

The business’s 50-day simple moving average is $2.79 and its 200-day simple moving average is $2.85. The company has a market cap of $32.31 million, a PE ratio of -3.21 and a beta of 0.60. The company has a current ratio of 3.14, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Wednesday, November 12th. The textile maker reported $0.11 earnings per share for the quarter. Crown Crafts had a positive return on equity of 1.24% and a negative net margin of 11.48%.The company had revenue of $23.70 million for the quarter.

Crown Crafts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.6%. The ex-dividend date was Friday, December 12th. Crown Crafts’s dividend payout ratio (DPR) is currently -34.04%.

Insiders Place Their Bets

In other news, Director Donald R. Ratajczak acquired 10,000 shares of Crown Crafts stock in a transaction on Monday, November 17th. The stock was bought at an average price of $2.80 per share, for a total transaction of $28,000.00. Following the transaction, the director owned 331,181 shares of the company’s stock, valued at $927,306.80. The trade was a 3.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought 25,000 shares of company stock worth $69,000 over the last 90 days. 11.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Crown Crafts

Hedge funds have recently made changes to their positions in the business. Institute for Wealth Management LLC. bought a new position in shares of Crown Crafts during the 4th quarter worth about $28,000. HB Wealth Management LLC acquired a new position in Crown Crafts in the fourth quarter worth about $41,000. Beacon Pointe Advisors LLC raised its position in Crown Crafts by 72.3% in the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after purchasing an additional 9,802 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after purchasing an additional 3,688 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Crown Crafts by 7.5% during the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock valued at $876,000 after purchasing an additional 21,122 shares in the last quarter. Institutional investors and hedge funds own 30.23% of the company’s stock.

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.