Crawford & Company (NYSE:CRD.A) Shares Gap Down - Here's What Happened

Key Points

• Shares gapped down: Crawford & Company opened at $10.32 after closing at $10.74 and last traded around $10.6290 on a volume of about 6,263 shares.
• Analyst views: Barrington Research reaffirmed an "Outperform" rating with a $14 price target while Wall Street Zen cut its rating to "Hold," leaving a consensus rating of "Buy" and an average price target of $14.00.
• Recent results and metrics: The company reported Q1 EPS of $0.15 on $320.09 million revenue, with a market cap of $511.04 million, a P/E of 27.01 and ROE of 26.21%.

Crawford & Company (NYSE:CRD.A - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $10.74, but opened at $10.32. Crawford & Company shares last traded at $10.6290, with a volume of 6,263 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price target on shares of Crawford & Company in a research report on Monday, March 9th. Wall Street Zen lowered Crawford & Company from a "buy" rating to a "hold" rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $14.00.

Crawford & Company Price Performance

The stock has a market cap of $511.04 million, a P/E ratio of 27.01 and a beta of 0.82. The firm has a 50-day moving average price of $10.32 and a 200-day moving average price of $10.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.14.

Crawford & Company (NYSE:CRD.A - Get Free Report) last announced its earnings results on Monday, March 2nd. The business services provider reported $0.15 earnings per share (EPS) for the quarter. Crawford & Company had a return on equity of 26.21% and a net margin of 1.50%.The firm had revenue of $320.09 million during the quarter.

About Crawford & Company

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform.

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