Crawford & Company (NYSE:CRD.B) Shares Gap Down – Here’s What Happened

Crawford & Company (NYSE:CRD.B) gapped down before the market opened on Monday . The stock had previously closed at $10.41, but opened at $9.61. Crawford & Company shares last traded at $10.2750, with a volume of 582 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Crawford & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Crawford & Company has a consensus rating of “Sell”.

Crawford & Company Trading Down 0.5%

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $504.66 million, a P/E ratio of 28.75 and a beta of 0.61. The firm has a fifty day moving average price of $10.06 and a 200-day moving average price of $10.25.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $303.20 million. On average, equities research analysts anticipate that Crawford & Company will post 0.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tami E. Stevenson sold 7,062 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $9.90, for a total transaction of $69,913.80. Following the completion of the transaction, the senior vice president owned 15,186 shares in the company, valued at approximately $150,341.40. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This trade represents a 10.99% decrease in their position. 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 quarter. Company 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.