Crown Crafts (NASDAQ:CRWS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.85 and traded as high as $3.03. Crown Crafts shares last traded at $3.02, with a volume of 34,304 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, According to data from MarketBeat.com, Crown Crafts presently has an average rating of “Sell”.

Crown Crafts Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 3.14. The stock has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $2.85. The stock has a market cap of $32.31 million, a PE ratio of -3.21 and a beta of 0.60.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, November 12th. The textile maker reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $23.70 million for the quarter. Crown Crafts had a positive return on equity of 1.24% and a negative net margin of 11.48%.

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.08 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 10.6%. Crown Crafts’s dividend payout ratio (DPR) is presently -34.04%.

Insiders Place Their Bets

In related news, Director Donald R. Ratajczak acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of $2.80 per share, for a total transaction of $28,000.00. Following the completion of the purchase, the director directly owned 331,181 shares in the company, valued at $927,306.80. This trade represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders acquired 25,000 shares of company stock worth $69,000. 11.60% of the stock is owned by insiders.

Institutional Trading of Crown Crafts

A number of hedge funds and other institutional investors have recently modified their holdings of CRWS. Institute for Wealth Management LLC. acquired a new position in shares of Crown Crafts in the 4th quarter worth approximately $28,000. HB Wealth Management LLC bought a new stake in Crown Crafts during the fourth quarter worth approximately $41,000. Beacon Pointe Advisors LLC grew its position in Crown Crafts by 72.3% in the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after buying an additional 9,802 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Crown Crafts by 3.0% in the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after buying an additional 3,688 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Crown Crafts by 7.5% in the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock valued at $876,000 after buying an additional 21,122 shares in the last quarter. Institutional investors own 30.23% of the company’s stock.

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.