Crawford & Company (NYSE:CRD.B) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.29 and traded as high as $10.84. Crawford & Company shares last traded at $10.6980, with a volume of 2,590 shares traded.

Crawford & Company Stock Up 1.6%

The firm has a market cap of $526.45 million, a PE ratio of 16.46 and a beta of 0.72. 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 business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.29.

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

Insider Transactions at Crawford & Company

In related news, CEO Rohit Verma sold 125,414 shares of Crawford & Company stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total value of $1,379,554.00. Following the completion of the transaction, the chief executive officer 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 Securities & Exchange Commission, which is available through this hyperlink. 51.04% of the stock is owned by corporate 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.