Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.82 and traded as high as $3.02. Crown Crafts shares last traded at $2.98, with a volume of 62,925 shares traded.

Analyst Upgrades and Downgrades

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

Crown Crafts Stock Up 1.4%

The business’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $2.82. 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 stock has a market cap of $32.06 million, a price-to-earnings ratio of 16.56 and a beta of 0.65.

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

Crown Crafts Announces Dividend

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

Institutional Trading of Crown Crafts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC bought a new position in Crown Crafts during the 4th quarter worth approximately $28,000. Institute for Wealth Management LLC. bought a new stake in Crown Crafts in the fourth quarter valued at approximately $28,000. XTX Topco Ltd acquired a new stake in Crown Crafts in the fourth quarter worth $32,000. HB Wealth Management LLC acquired a new stake in Crown Crafts in the fourth quarter worth $41,000. Finally, Weinberger Asset Management Inc bought a new position in shares of Crown Crafts during the fourth quarter worth $61,000. 30.23% of the stock is 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.