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

Crawford & Company (NYSE:CRD.A)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.64 and traded as high as $11.05. Crawford & Company shares last traded at $10.9540, with a volume of 44,424 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Crawford & Company from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $14.00.

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $533.90 million, a price-to-earnings ratio of 30.43 and a beta of 0.80. The stock’s fifty day moving average price is $10.91 and its 200-day moving average price is $10.64.

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

Insiders Place Their Bets

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