Crawford & Company (NYSE:CRD.B) Stock Passes Above 200 Day Moving Average – Should You Sell?

Crawford & Company (NYSE:CRD.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.50 and traded as high as $11.98. Crawford & Company shares last traded at $11.5260, with a volume of 11,737 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Crawford & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Crawford & Company Stock Down 2.3%

The business’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $10.51. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $565.53 million, a PE ratio of 24.24 and a beta of 0.64.

Crawford & Company (NYSE:CRD.B) last announced its earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. The firm had revenue of $321.44 million for the quarter, compared to analysts’ expectations of $336.09 million. On average, equities research analysts forecast that Crawford & Company will post 1.05 earnings per share for the current year.

Insider Activity at Crawford & Company

In other news, major shareholder Jesse C. Crawford sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the transaction, the insider owned 4,447,188 shares of the company’s stock, valued at approximately $56,968,478.28. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrew Bart sold 10,118 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total value of $133,254.06. Following the transaction, the executive vice president directly owned 101,277 shares in the company, valued at approximately $1,333,818.09. This represents a 9.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,020,093 shares of company stock valued at $13,075,773 in the last 90 days. Company insiders own 51.04% of the company’s stock.

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.