Crawford & Company (NYSE:CRD.B) Shares Gap Up – Time to Buy?

Crawford & Company (NYSE:CRD.B)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $10.09, but opened at $10.74. Crawford & Company shares last traded at $10.5250, with a volume of 634 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered 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, the company presently has a consensus rating of “Sell”.

Crawford & Company Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $10.04 and a 200-day moving average price of $10.26. The firm has a market capitalization of $525.17 million, a price-to-earnings ratio of 29.93 and a beta of 0.61.

Crawford & Company (NYSE:CRD.B) last released its earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $303.20 million. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. As a group, sell-side analysts forecast that Crawford & Company will post 0.92 earnings per share for the current year.

Insider Transactions at Crawford & Company

In other news, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the sale, the executive vice president directly owned 113,390 shares in the company, valued at $1,170,184.80. This trade represents a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tami E. Stevenson sold 7,062 shares of Crawford & Company stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $9.90, for a total value of $69,913.80. Following the completion of the sale, the senior vice president owned 15,186 shares in the company, valued at approximately $150,341.40. The trade was a 31.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,282 shares of company stock worth $578,875 over the last 90 days. Insiders own 51.04% of the company’s stock.

Crawford & Company Company Profile

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.