Crawford & Company (NYSE:CRD.A) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.A) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.67 and traded as high as $11.10. Crawford & Company shares last traded at $10.9360, with a volume of 84,175 shares.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRD.A. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of Crawford & Company in a research report on Monday, March 9th. Wall Street Zen upgraded Crawford & Company from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $14.00.

Crawford & Company Trading Up 4.9%

The firm has a market capitalization of $533.03 million, a price-to-earnings ratio of 30.38 and a beta of 0.81. 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 company has a fifty day moving average price of $10.31 and a 200-day moving average price of $10.67.

Crawford & Company (NYSE:CRD.A) last announced its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $320.13 million during the quarter. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.

Insider Activity at Crawford & Company

In other Crawford & Company news, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $9.90, for a total value of $69,913.80. Following the transaction, the senior vice president directly owned 15,186 shares of the company’s stock, valued at $150,341.40. The trade was a 31.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of Crawford & Company 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 completion of the transaction, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 58,282 shares of company stock valued at $578,875. Corporate insiders own 54.27% of the company’s stock.

About Crawford & Company

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.