Crawford & Company (NYSE:CRD.B) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Crawford & Company (NYSE:CRD.B) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.23 and traded as high as $10.30. Crawford & Company shares last traded at $10.32, with a volume of 3,694 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Crawford & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Crawford & Company Stock Up 2.3%

The company has a market capitalization of $503.01 million, a PE ratio of 28.67 and a beta of 0.61. The stock has a 50-day moving average of $10.25 and a 200 day moving average of $10.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $303.20 million. Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%. Sell-side analysts anticipate that Crawford & Company will post 0.92 EPS for the current year.

Insider Buying and Selling at Crawford & Company

In other news, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the completion of the transaction, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. This represents a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $9.90, for a total value of $69,913.80. Following the completion of the sale, the senior vice president directly owned 15,186 shares of the company’s stock, valued at approximately $150,341.40. This trade represents a 31.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,282 shares of company stock worth $578,875. Corporate insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is an independent provider of claims management and risk solutions to insurance carriers and self-insured entities worldwide. The company’s services span property and casualty claims adjusting, third-party administration, managed repair, catastrophe response, and risk consulting. Through its network of professionals, Crawford & Company assists clients in streamlining claims processes, controlling costs, and improving customer satisfaction across diverse lines of business.

Founded in 1941 by James O.