Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.85 and traded as high as $2.91. Crown Crafts shares last traded at $2.91, with a volume of 65,151 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Crown Crafts Trading Up 2.5%

The stock has a market cap of $31.14 million, a P/E ratio of -3.10 and a beta of 0.59. The stock’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.14 and a quick ratio of 1.25.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Wednesday, November 12th. The textile maker reported $0.11 EPS for the quarter. The business had revenue of $23.70 million for the quarter. Crown Crafts had a negative net margin of 11.48% and a positive return on equity of 1.24%.

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 11.0%. Crown Crafts’s dividend payout ratio is presently -34.04%.

Insider Transactions at Crown Crafts

In other news, Director Donald R. Ratajczak acquired 10,000 shares of Crown Crafts stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $2.80 per share, with a total value of $28,000.00. Following the purchase, the director directly owned 331,181 shares in the company, valued at $927,306.80. The trade was a 3.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 25,000 shares of company stock valued at $69,000. Insiders own 11.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRWS. Bridgeway Capital Management LLC increased its position in Crown Crafts by 3.0% in the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after purchasing an additional 3,688 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Crown Crafts by 72.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after buying an additional 9,802 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Crown Crafts by 7.5% in the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after buying an additional 21,122 shares in the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.