Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.83 and traded as high as $3.00. Crown Crafts shares last traded at $2.99, with a volume of 72,569 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Crown Crafts currently has an average rating of “Hold”.

Crown Crafts Trading Up 0.7%

The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The business has a 50 day simple moving average of $2.83 and a two-hundred day simple moving average of $2.83. The stock has a market cap of $32.17 million, a price-to-earnings ratio of 16.61 and a beta of 0.65.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The business had revenue of $22.38 million during the quarter, compared to analyst estimates of $22.30 million. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%.

Crown Crafts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Thursday, June 11th. Crown Crafts’s payout ratio is 177.78%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mariner LLC acquired a new position in Crown Crafts during the 4th quarter worth $28,000. Institute for Wealth Management LLC. bought a new stake in shares of Crown Crafts in the 4th quarter worth about $28,000. XTX Topco Ltd acquired a new stake in shares of Crown Crafts in the 4th quarter valued at about $32,000. HB Wealth Management LLC acquired a new stake in shares of Crown Crafts in the 4th quarter valued at about $41,000. Finally, Weinberger Asset Management Inc bought a new position in shares of Crown Crafts during the fourth quarter worth about $61,000. 30.23% of the stock is currently owned by institutional investors.

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.