Crown Crafts (NASDAQ:CRWS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.86 and traded as high as $3.01. Crown Crafts shares last traded at $2.96, with a volume of 20,880 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Crafts in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Crown Crafts Stock Up 1.4%

The company has a quick ratio of 1.47, a current ratio of 3.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $31.67 million, a price-to-earnings ratio of -3.33 and a beta of 0.60. The business’s 50-day moving average is $2.85 and its 200-day moving average is $2.86.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings data on Wednesday, February 11th. The textile maker reported $0.14 earnings per share for the quarter. Crown Crafts had a positive return on equity of 2.93% and a negative net margin of 11.10%.The business had revenue of $20.72 million during the quarter.

Crown Crafts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.8%. The ex-dividend date is Friday, March 13th. Crown Crafts’s dividend payout ratio is currently -35.96%.

Institutional Trading of Crown Crafts

Hedge funds have recently added to or reduced their stakes in the company. Mariner LLC purchased a new position in Crown Crafts in the fourth quarter valued at $28,000. Institute for Wealth Management LLC. acquired a new position in Crown Crafts in the 4th quarter worth about $28,000. XTX Topco Ltd acquired a new position in Crown Crafts in the 4th quarter worth about $32,000. HB Wealth Management LLC purchased a new position in Crown Crafts during the fourth quarter worth approximately $41,000. Finally, Weinberger Asset Management Inc acquired a new stake in Crown Crafts in the fourth quarter valued at approximately $61,000. 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.