Crawford United (OTCMKTS:CRAWA) Stock Price Up 7% Following Better-Than-Expected Earnings

Crawford United Corporation (OTCMKTS:CRAWA) rose 7% on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $53.00 and last traded at $53.00. Approximately 10,637 shares changed hands during mid-day trading, an increase of 2,560% from the average daily volume of 400 shares. The stock had previously closed at $49.52.

The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.50. The business had revenue of $46.85 million during the quarter, compared to analyst estimates of $40.20 million. Crawford United had a net margin of 8.86% and a return on equity of 19.59%.

Crawford United Stock Up 7.0%

The stock’s fifty day moving average is $49.20 and its two-hundred day moving average is $46.57. The company has a current ratio of 2.19, a quick ratio of 1.41 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $188.15 million, a PE ratio of 13.73 and a beta of 0.76.

About Crawford United

Crawford United Corporation, together with its subsidiaries, provides specialty industrial products in the United States, Puerto Rico, Mexico, Canada, and internationally. It operates through two segments: Commercial Air Handling Equipment; and Industrial and Transportation Products. The Commercial Air Handling segment designs, manufactures, and installs large-scale commercial, institutional, and industrial custom air handling solutions to health care, education, pharmaceutical, and industrial manufacturing markets under the FactoryBilt and SiteBilt brand names.