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 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 trading hands.

Wall Street Analyst Weigh In

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

Crawford & Company Stock Performance

The company has a 50-day moving average of $11.84 and a 200-day moving average of $10.80. The firm has a market capitalization of $550.14 million, a price-to-earnings ratio of 21.38 and a beta of 0.69. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, November 2nd. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. Crawford & Company had a net margin of 2.01% and a return on equity of 29.17%. The firm had revenue of $321.63 million during the quarter, compared to the consensus estimate of $325.39 million. On average, equities research analysts forecast that Crawford & Company will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Andrew Bart sold 3,829 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $11.98, for a total value of $45,871.42. Following the transaction, the executive vice president directly owned 93,165 shares in the company, valued at approximately $1,116,116.70. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 13,895 shares of company stock valued at $179,491. Company 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.