Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.84 and traded as high as $3.05. Crown Crafts shares last traded at $3.00, with a volume of 51,563 shares.

Analyst Upgrades and Downgrades

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

Crown Crafts Price Performance

The company has a quick ratio of 1.53, a current ratio of 3.58 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $32.28 million, a PE ratio of 16.67 and a beta of 0.65. The firm’s 50 day simple moving average is $2.86 and its 200 day simple moving average is $2.84.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.20). The firm 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 Dividend Announcement

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

Institutional Trading of Crown Crafts

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