Crown Crafts (NASDAQ:CRWS) Stock Crosses Above 200 Day Moving Average of $5.01

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.01 and traded as high as $5.11. Crown Crafts shares last traded at $5.11, with a volume of 13,583 shares changing hands.

Crown Crafts Trading Up 1.8 %

The company has a quick ratio of 1.74, a current ratio of 4.13 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $5.01. The company has a market cap of $52.33 million, a price-to-earnings ratio of 10.87 and a beta of 0.79.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Wednesday, February 14th. The textile maker reported $0.17 EPS for the quarter. Crown Crafts had a return on equity of 10.02% and a net margin of 5.44%. The company had revenue of $23.80 million during the quarter.

Crown Crafts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date was Thursday, March 14th. Crown Crafts’s dividend payout ratio (DPR) is currently 68.09%.

Institutional Investors Weigh In On Crown Crafts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp raised its stake in shares of Crown Crafts by 27.6% during the 3rd quarter. Synovus Financial Corp now owns 241,220 shares of the textile maker’s stock worth $1,136,000 after buying an additional 52,151 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Crown Crafts by 36.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 48,000 shares of the textile maker’s stock worth $226,000 after buying an additional 12,851 shares during the last quarter. Perritt Capital Management Inc. raised its stake in shares of Crown Crafts by 33.3% during the 3rd quarter. Perritt Capital Management Inc. now owns 30,000 shares of the textile maker’s stock worth $141,000 after buying an additional 7,500 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. raised its stake in shares of Crown Crafts by 5.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 84,800 shares of the textile maker’s stock worth $399,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.