Crawford & Company (NYSE:CRD.B) Shares Gap Up – What’s Next?

Crawford & Company (NYSE:CRD.B)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $11.07, but opened at $11.64. Crawford & Company shares last traded at $11.4050, with a volume of 114 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Crawford & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Crawford & Company has an average rating of “Hold”.

Crawford & Company Stock Up 4.3%

The firm has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $10.80. The company has a market capitalization of $550.14 million, a PE ratio of 21.38 and a beta of 0.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Crawford & Company (NYSE:CRD.B) last released its earnings results on Monday, November 2nd. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. Crawford & Company had a return on equity of 29.17% and a net margin of 2.01%. The company had revenue of $321.63 million during the quarter, compared to analysts’ expectations of $325.39 million. Equities research analysts anticipate that Crawford & Company will post 1.07 EPS for the current fiscal year.

Insider Transactions at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 3,829 shares of the stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $11.98, for a total transaction of $45,871.42. Following the transaction, the executive vice president directly owned 93,165 shares in the company, valued at $1,116,116.70. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 13,895 shares of company stock valued at $179,491 over the last 90 days. Corporate insiders own 51.04% of the company’s stock.

About Crawford & Company

Crawford & Company is a global provider of claims management and related services for insurers, businesses, brokers and public-sector organizations. Founded in 1941 and headquartered in Atlanta, Georgia, the company serves clients across a broad range of industries and geographies. Its services include property and casualty claims adjusting, workers’ compensation and other third-party claims administration, medical management, and support for catastrophe response. Crawford also provides technology-enabled claims solutions and outsourcing services designed to help clients manage claims throughout their lifecycle.