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

Key Points

• Crawford & Company's stock price has crossed above its 200-day moving average of $10.36, trading as high as $10.54 before settling at $10.25.
• The company reported $0.22 earnings per share for its most recent quarter, missing analyst expectations, with revenue of $323 million against a consensus estimate of $331 million.
• Crawford & Company has increased its quarterly dividend to $0.075 per share, resulting in an annualized dividend yield of 2.9%, reflecting a raise from the previous dividend of $0.07.

Crawford & Company (NYSE:CRD.B - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.36 and traded as high as $10.54. Crawford & Company shares last traded at $10.25, with a volume of 6,955 shares traded.

Crawford & Company Trading Up 1.5%

The stock has a market cap of $515.71 million, a price-to-earnings ratio of 17.61 and a beta of 0.80. The firm's 50 day moving average is $10.18 and its two-hundred day moving average is $10.32. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.16.

Crawford & Company (NYSE:CRD.B - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The business services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $323.00 million for the quarter, compared to analyst estimates of $330.99 million. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. Equities analysts anticipate that Crawford & Company will post 0.83 EPS for the current year.

Crawford & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.9%. This is a positive change from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date was Friday, August 15th. Crawford & Company's dividend payout ratio (DPR) is currently 50.85%.

About Crawford & Company

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.