Crawford & Company (NYSE:CRD.B) Shares Gap Down – Should You Sell?

Crawford & Company (NYSE:CRD.B) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.61, but opened at $10.19. Crawford & Company shares last traded at $10.5390, with a volume of 282 shares traded.

Wall Street Analyst Weigh In

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

Crawford & Company Price Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day moving average price is $10.17 and its 200-day moving average price is $10.28. The company has a market cap of $511.28 million, a price-to-earnings ratio of 29.14 and a beta of 0.61.

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

Insiders Place Their Bets

In other news, SVP Tami E. Stevenson sold 19,220 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 22,248 shares of the company’s stock, valued at $210,466.08. This represents a 46.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew John Bart sold 14,005 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value of $144,531.60. Following the completion of the transaction, the executive vice president owned 113,390 shares of the company’s stock, valued at $1,170,184.80. This trade represents a 10.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Crawford & Company Company Profile

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.