Crawford & Company (NYSE:CRD.B) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Crawford & Company (NYSE:CRD.B) from a hold rating to a strong sell rating in a research report released on Monday,Zacks.com reports.

Crawford & Company Trading Down 3.3%

NYSE:CRD.B opened at $9.65 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $474.83 million, a price-to-earnings ratio of 24.74 and a beta of 0.71. Crawford & Company has a 52 week low of $8.76 and a 52 week high of $11.68. The firm has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $10.36.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, March 2nd. The business services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $308.52 million during the quarter, compared to analysts’ expectations of $332.41 million. Crawford & Company had a return on equity of 26.21% and a net margin of 1.50%. On average, equities analysts expect that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

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.