Crawford & Company (NYSE:CRD.B) Stock Price Down 3.4% – Here’s Why

Crawford & Company (NYSE:CRD.B) shares traded down 3.4% during mid-day trading on Friday . The company traded as low as $10.40 and last traded at $10.4650. 2,284 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 5,463 shares. The stock had previously closed at $10.83.

Crawford & Company Trading Down 4.4%

The firm has a market cap of $513.77 million, a price-to-earnings ratio of 17.54 and a beta of 0.76. The company has a 50-day moving average price of $10.18 and a 200 day moving average price of $10.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.16.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%.The firm had revenue of $322.17 million during the quarter, compared to analyst estimates of $344.32 million. As a group, research analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

About Crawford & Company

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.