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

Crawford & Company (NYSE:CRD.B - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.76, but opened at $10.23. Crawford & Company shares last traded at $10.31, with a volume of 293 shares changing hands.

Crawford & Company Price Performance

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $504.69 million, a price-to-earnings ratio of 17.01 and a beta of 0.77. The stock's 50 day moving average price is $10.22 and its two-hundred day moving average price is $10.76.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The business services provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Crawford & Company had a net margin of 2.25% and a return on equity of 27.77%. The business had revenue of $312.03 million for the quarter, compared to the consensus estimate of $321.90 million. Analysts anticipate that Crawford & Company will post 0.83 EPS for the current fiscal year.

Crawford & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, May 23rd. Crawford & Company's dividend payout ratio is currently 46.67%.

Insider Activity

In related news, SVP Tami E. Stevenson sold 4,900 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $10.21, for a total value of $50,029.00. Following the completion of the sale, the senior vice president owned 26,282 shares in the company, valued at approximately $268,339.22. This trade represents a 15.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 51.04% of the company's stock.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.