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

Crawford & Company (NYSE:CRD.B)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.09, but opened at $10.74. Crawford & Company shares last traded at $10.5250, with a volume of 634 shares.

Wall Street Analysts Forecast Growth

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

Crawford & Company Stock Down 1.6%

The firm has a market capitalization of $517.91 million, a P/E ratio of 29.52 and a beta of 0.61. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $10.26.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings results on Monday, May 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The business had revenue of $309.52 million for the quarter, compared to the consensus estimate of $303.20 million. Crawford & Company had a net margin of 1.37% and a return on equity of 24.21%. On average, equities analysts expect that Crawford & Company will post 0.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Andrew John Bart sold 14,005 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.32, for a total transaction of $144,531.60. Following the transaction, the executive vice president directly owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tami E. Stevenson sold 19,220 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $9.46, for a total value of $181,821.20. Following the transaction, the senior vice president directly owned 22,248 shares in the company, valued at approximately $210,466.08. The trade was a 46.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 58,282 shares of company stock worth $578,875. Corporate 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.