Crawford & Company (NYSE:CRD.B) Shares Gap Down – Should You Sell?

Shares of Crawford & Company (NYSE:CRD.B) gapped down prior to trading on Tuesday . The stock had previously closed at $10.79, but opened at $10.20. Crawford & Company shares last traded at $10.47, with a volume of 1,610 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Crawford & Company from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Crawford & Company has an average rating of “Sell”.

Crawford & Company Trading Down 0.8%

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 firm’s 50-day simple moving average is $10.06 and its 200 day simple moving average is $10.25. The stock has a market capitalization of $498.12 million, a P/E ratio of 28.39 and a beta of 0.61.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The business had revenue of $309.52 million during the quarter, compared to the consensus estimate of $303.20 million. Equities research analysts anticipate that Crawford & Company will post 0.92 EPS for the current fiscal year.

Insider Activity

In other Crawford & Company news, SVP Tami E. Stevenson sold 7,062 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $9.90, for a total value of $69,913.80. Following the sale, the senior vice president directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the business’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 completion of the sale, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,282 shares of company stock worth $578,875. 51.04% of the stock is owned by company insiders.

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.