Crawford & Company (NYSE:CRD.B) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Crawford & Company (NYSE:CRD.B) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $11.93 and traded as low as $10.97. Crawford & Company shares last traded at $11.0980, with a volume of 18,999 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of 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 data from MarketBeat.com, Crawford & Company presently has an average rating of “Hold”.

Crawford & Company Trading Down 9.0%

The firm has a market cap of $539.47 million, a PE ratio of 20.55 and a beta of 0.69. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $11.93 and a 200 day moving average price of $10.77.

Crawford & Company (NYSE:CRD.B) last issued its earnings results on Monday, November 2nd. The business services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The business had revenue of $321.63 million for the quarter, compared to analyst estimates of $325.39 million. Crawford & Company had a return on equity of 29.46% and a net margin of 2.01%. Analysts forecast that Crawford & Company will post 1.05 EPS for the current year.

Insider Activity at Crawford & Company

In other Crawford & Company news, EVP Andrew Bart sold 10,118 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.17, for a total transaction of $133,254.06. Following the sale, the executive vice president owned 101,277 shares of the company’s stock, valued at approximately $1,333,818.09. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jesse C. Crawford sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.81, for a total transaction of $12,810,000.00. Following the sale, the insider owned 4,447,188 shares of the company’s stock, valued at $56,968,478.28. This represents a 18.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,020,093 shares of company stock worth $13,075,773 over the last quarter. 51.04% of the stock is currently owned by insiders.

Crawford & Company Company Profile

Crawford & Company (NYSE: CRD.B) is a global provider of claims management and related outsourcing services for the insurance industry. The company works with insurers, brokers, corporations and government entities to manage property and casualty claims throughout the claims life cycle.

Its services include loss adjusting, claims administration, catastrophe response, third-party claims management, workers’ compensation services, medical management and related consulting and technology solutions.