Crawford & Company (NYSE:CRD.B) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Crawford & Company (NYSE:CRD.B) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.29 and traded as high as $10.70. Crawford & Company shares last traded at $10.1310, with a volume of 6,753 shares trading hands.

Crawford & Company Stock Performance

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $10.29. The firm has a market cap of $498.55 million, a price-to-earnings ratio of 15.59 and a beta of 0.70.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $322.17 million during the quarter, compared to the consensus estimate of $344.32 million. Crawford & Company had a return on equity of 28.00% and a net margin of 2.42%. On average, analysts expect that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Rohit Verma sold 125,414 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $11.00, for a total transaction of $1,379,554.00. Following the transaction, the chief executive officer directly owned 205,084 shares in the company, valued at $2,255,924. The trade was a 37.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 51.04% of the stock is currently owned by company insiders.

About Crawford & Company

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.