Crown Crafts (NASDAQ:CRWS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.80 and traded as high as $2.98. Crown Crafts shares last traded at $2.97, with a volume of 105,474 shares trading hands.

Analyst Upgrades and Downgrades

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

Crown Crafts Trading Up 4.6%

The firm has a market capitalization of $31.96 million, a P/E ratio of 16.50 and a beta of 0.65. The company has a quick ratio of 1.53, a current ratio of 3.58 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $2.79 and a 200-day moving average of $2.80.

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

Crown Crafts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Thursday, June 11th. Crown Crafts’s dividend payout ratio is 177.78%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in Crown Crafts by 7.9% during the first quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock worth $663,000 after purchasing an additional 18,800 shares during the period. LPL Financial LLC acquired a new stake in Crown Crafts during the fourth quarter worth about $477,000. Bridgeway Capital Management LLC increased its holdings in Crown Crafts by 3.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after buying an additional 3,688 shares during the period. Geode Capital Management LLC increased its holdings in Crown Crafts by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after buying an additional 5,717 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Crown Crafts by 8.1% in the 1st quarter. Empowered Funds LLC now owns 60,915 shares of the textile maker’s stock valued at $157,000 after buying an additional 4,567 shares in the last quarter. Institutional investors 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.