Crawford & Company (NYSE:CRD.B) Share Price Passes Above 200-Day Moving Average – Here’s Why

Crawford & Company (NYSE:CRD.B)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.30 and traded as high as $10.44. Crawford & Company shares last traded at $10.3950, with a volume of 4,966 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded Crawford & Company from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. 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”.

Crawford & Company Stock Performance

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 business has a 50-day moving average price of $10.19 and a 200 day moving average price of $10.30. The stock has a market capitalization of $505.92 million, a P/E ratio of 26.65 and a beta of 0.67.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings results on Monday, March 2nd. The business services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). Crawford & Company had a return on equity of 26.21% and a net margin of 1.50%.The company had revenue of $308.52 million during the quarter, compared to the consensus estimate of $332.41 million. As a group, sell-side analysts forecast that Crawford & Company will post 0.83 EPS 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.