Crawford & Company (NYSE:CRD.B) Shares Down 6.5% – Time to Sell?

Crawford & Company (NYSE:CRD.B) traded down 6.5% during mid-day trading on Friday . The stock traded as low as $10.32 and last traded at $10.4250. 527 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 14,969 shares. The stock had previously closed at $11.15.

Analyst Ratings Changes

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

Crawford & Company Stock Performance

The firm has a market capitalization of $525.42 million, a P/E ratio of 29.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $10.26.

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

Insider Transactions at Crawford & Company

In other news, EVP Andrew John Bart sold 14,005 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were 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 approximately $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tami E. Stevenson sold 19,220 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $9.46, for a total transaction 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. This trade represents a 46.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,282 shares of company stock worth $578,875 over the last 90 days. 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.