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

Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.79 and traded as high as $2.81. Crown Crafts shares last traded at $2.78, with a volume of 91,424 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Crown Crafts presently has a consensus rating of “Sell”.

Crown Crafts Stock Performance

The company has a market cap of $29.75 million, a PE ratio of -3.12 and a beta of 0.65. The company has a current ratio of 3.43, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $2.74 and a 200-day moving average of $2.79.

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Thursday, June 11th. Crown Crafts’s payout ratio is currently -35.96%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRWS. Institute for Wealth Management LLC. purchased a new position in Crown Crafts during the 4th quarter valued at about $28,000. Mariner LLC purchased a new position in shares of Crown Crafts during the 4th quarter worth approximately $28,000. XTX Topco Ltd purchased a new position in shares of Crown Crafts during the 4th quarter worth approximately $32,000. HB Wealth Management LLC bought a new position in shares of Crown Crafts in the 4th quarter worth approximately $41,000. Finally, Weinberger Asset Management Inc bought a new position in shares of Crown Crafts in the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 30.23% of the company’s stock.

About Crown Crafts

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.