Crawford & Company (NYSE:CRD.B) Shares Gap Up - Still a Buy?

Key Points

• Crawford & Company shares jumped, opening at $12.65 versus the prior close of $11.59, before trading near $12.41 on relatively light volume.
• Zacks Research upgraded the stock from “strong sell” to “hold,” while the broader analyst consensus remains “Hold.”
• The company beat quarterly EPS expectations, reporting $0.38 versus the $0.27 consensus, but revenue of $321.44 million fell short of the expected $336.09 million. Insiders have also sold 32,000 shares over the past 90 days.

Crawford & Company (NYSE:CRD.B - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.59, but opened at $12.65. Crawford & Company shares last traded at $12.4060, with a volume of 3,100 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Crawford & Company from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Crawford & Company Stock Performance

The firm has a market capitalization of $588.13 million, a P/E ratio of 25.21 and a beta of 0.60. The stock has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $10.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.19.

Crawford & Company (NYSE:CRD.B - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.11. The firm had revenue of $321.44 million for the quarter, compared to analysts' expectations of $336.09 million. Crawford & Company had a return on equity of 28.15% and a net margin of 1.81%. On average, research analysts predict that Crawford & Company will post 1.02 EPS for the current year.

Insider Transactions at Crawford & Company

In other Crawford & Company news, EVP Andrew John Bart sold 14,005 shares of the firm's 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 sale, the executive vice president directly owned 113,390 shares in the company, valued at approximately $1,170,184.80. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 32,000 shares of company stock worth $327,140 over the last 90 days. 51.04% of the stock is owned by corporate insiders.

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.

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