Crawford & Company (NYSE:CRD.B) Shares Gap Down – Should You Sell?

Crawford & Company (NYSE:CRD.B) gapped down prior to trading on Friday . The stock had previously closed at $10.18, but opened at $9.85. Crawford & Company shares last traded at $10.23, with a volume of 122 shares traded.

Crawford & Company Stock Down 1.0%

The business has a 50-day moving average price of $10.22 and a 200-day moving average price of $10.39. The company has a market capitalization of $500.37 million, a price-to-earnings ratio of 17.09 and a beta of 0.80. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.16.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings results on Monday, August 4th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Crawford & Company had a net margin of 2.18% and a return on equity of 25.91%. The company had revenue of $323.00 million during the quarter, compared to analyst estimates of $330.99 million. As a group, equities analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Crawford & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 15th. This is a boost from Crawford & Company’s previous quarterly dividend of $0.07. Crawford & Company’s dividend payout ratio is 50.85%.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.