Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.82 and traded as high as $3.02. Crown Crafts shares last traded at $2.98, with a volume of 62,925 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Crown Crafts Stock Performance

The stock has a market capitalization of $32.06 million, a price-to-earnings ratio of 16.56 and a beta of 0.65. The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $2.81 and its two-hundred day moving average is $2.82.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.20). The firm had revenue of $22.38 million during the quarter, compared to analyst estimates of $22.30 million. Crown Crafts had a net margin of 2.24% and a return on equity of 4.78%.

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.7%. Crown Crafts’s dividend payout ratio (DPR) is presently 177.78%.

Institutional Investors Weigh In On Crown Crafts

Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in Crown Crafts by 8.1% during the 1st quarter. Empowered Funds LLC now owns 60,915 shares of the textile maker’s stock worth $157,000 after acquiring an additional 4,567 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Crown Crafts by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock worth $663,000 after acquiring an additional 18,800 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Crown Crafts in the fourth quarter valued at approximately $32,000. Mariner LLC acquired a new stake in shares of Crown Crafts in the fourth quarter valued at approximately $28,000. Finally, LPL Financial LLC bought a new stake in shares of Crown Crafts in the fourth quarter worth $477,000. Institutional investors own 30.23% of the company’s stock.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.