Crawford & Company (NYSE:CRD.B) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Crawford & Company shares moved above their 200-day moving average, trading as high as $10.30 and last changing hands at $10.32, up about 2.3% on the day.
• Zacks Research upgraded the stock from strong sell to hold, and MarketBeat shows the overall analyst consensus is now Hold.
• The company recently reported Q1 earnings of $0.16 per share, missing estimates, though revenue of $309.52 million came in above expectations; insiders also sold shares in recent months.

Shares of Crawford & Company (NYSE:CRD.B - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.23 and traded as high as $10.30. Crawford & Company shares last traded at $10.32, with a volume of 3,694 shares changing hands.

Analyst Ratings Changes

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

Crawford & Company Stock Up 2.3%

The firm has a market capitalization of $503.01 million, a price-to-earnings ratio of 28.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average of $10.25 and a two-hundred day moving average of $10.23.

Crawford & Company (NYSE:CRD.B - Get Free Report) last announced its earnings results on Monday, May 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The company had revenue of $309.52 million for the quarter, compared to analyst estimates of $303.20 million. Sell-side analysts anticipate that Crawford & Company will post 0.92 earnings per share for the current year.

Insiders Place Their Bets

In other Crawford & Company news, SVP Tami E. Stevenson sold 7,062 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $9.90, for a total transaction of $69,913.80. Following the sale, the senior vice president owned 15,186 shares of the company's stock, valued at approximately $150,341.40. This represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew John Bart sold 14,005 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value of $144,531.60. Following the sale, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,282 shares of company stock worth $578,875 in the last ninety days. Insiders own 51.04% of the company's stock.

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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