Crown Crafts (NASDAQ:CRWS) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.87 and traded as high as $3.00. Crown Crafts shares last traded at $2.96, with a volume of 21,862 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Crown Crafts Trading Down 1.4%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.47 and a current ratio of 3.43. The firm has a market cap of $31.24 million, a PE ratio of -3.28 and a beta of 0.60. The stock’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $2.87.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, February 11th. The textile maker reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $20.72 million for the quarter. Crown Crafts had a positive return on equity of 2.93% and a negative net margin of 11.10%.

Crown Crafts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.0%. Crown Crafts’s payout ratio is presently -35.96%.

Institutional Investors Weigh In On Crown Crafts

A number of hedge funds have recently made changes to their positions in CRWS. Mariner LLC bought a new position in Crown Crafts in the 4th quarter valued at $28,000. Institute for Wealth Management LLC. purchased a new stake in Crown Crafts during the 4th quarter valued at about $28,000. XTX Topco Ltd acquired a new stake in shares of Crown Crafts in the fourth quarter worth $32,000. HB Wealth Management LLC acquired a new stake in Crown Crafts during the fourth quarter worth about $41,000. Finally, Weinberger Asset Management Inc purchased a new position in Crown Crafts in the fourth quarter valued at $61,000. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

Crown Crafts Company Profile

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.