Crawford & Company (NYSE:CRD.B) Stock Price Up 5% – What’s Next?

Crawford & Company (NYSE:CRD.B) shot up 5% during mid-day trading on Friday . The stock traded as high as $10.31 and last traded at $10.4940. 115 shares changed hands during trading, a decline of 99% from the average session volume of 16,460 shares. The stock had previously closed at $9.99.

Analyst Ratings Changes

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

Crawford & Company Trading Up 0.6%

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 firm’s 50 day moving average price is $10.00 and its 200 day moving average price is $10.26. The stock has a market capitalization of $510.55 million, a P/E ratio of 29.10 and a beta of 0.61.

Crawford & Company (NYSE:CRD.B) last posted 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). 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. As a group, equities research analysts expect that Crawford & Company will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Crawford & Company

In other news, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total value of $144,531.60. Following the sale, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tami E. Stevenson sold 7,062 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $9.90, for a total value of $69,913.80. Following the transaction, the senior vice president directly owned 15,186 shares in the company, valued at $150,341.40. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 58,282 shares of company stock valued at $578,875. 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.