Crown Crafts (NASDAQ:CRWS) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.83 and traded as high as $3.00. Crown Crafts shares last traded at $2.99, with a volume of 72,569 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Crown Crafts Stock Up 0.7%

The company has a market cap of $32.17 million, a PE ratio of 16.61 and a beta of 0.65. The firm has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $2.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.58 and a quick ratio of 1.53.

Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings data on Wednesday, June 24th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.20). The company had revenue of $22.38 million during the quarter, compared to analysts’ expectations of $22.30 million. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%.

Crown Crafts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Thursday, June 11th. Crown Crafts’s dividend payout ratio is 177.78%.

Hedge Funds Weigh In On Crown Crafts

A number of institutional investors have recently modified their holdings of the company. Mariner LLC purchased a new position in shares of Crown Crafts during the 4th quarter worth $28,000. Institute for Wealth Management LLC. acquired a new position in Crown Crafts during the fourth quarter worth approximately $28,000. XTX Topco Ltd acquired a new position in shares of Crown Crafts in the 4th quarter valued at $32,000. HB Wealth Management LLC purchased a new position in shares of Crown Crafts in the 4th quarter worth $41,000. Finally, Weinberger Asset Management Inc purchased a new stake in Crown Crafts during the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 30.23% of the company’s stock.

About Crown Crafts

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.