Crawford United (OTCMKTS:CRAWA) Shares Up 7% After Better-Than-Expected Earnings

Key Points

• Crawford United Corporation's shares rose 7% to $53.00 after the company reported earnings significantly exceeding expectations.
• The company posted earnings of $1.44 per share, surpassing analysts' forecasts of $0.94, and revenue of $46.85 million compared to expectations of $40.20 million.
• Crawford United has a market cap of $188.15 million and operates in specialty industrial products across various segments including Commercial Air Handling Equipment.

Shares of Crawford United Corporation (OTCMKTS:CRAWA - Get Free Report) shot up 7% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $53.00 and last traded at $53.00. 10,637 shares were traded during mid-day trading, an increase of 2,560% from the average session volume of 400 shares. The stock had previously closed at $49.52.

The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.50. The business had revenue of $46.85 million during the quarter, compared to analysts' expectations of $40.20 million. Crawford United had a net margin of 8.86% and a return on equity of 19.59%.

Crawford United Price Performance

The company's 50-day moving average price is $49.20 and its two-hundred day moving average price is $46.57. The company has a market cap of $188.15 million, a P/E ratio of 13.73 and a beta of 0.76. The company has a current ratio of 2.19, a quick ratio of 1.41 and a debt-to-equity ratio of 0.34.

Crawford United Company Profile

Crawford United Corporation, together with its subsidiaries, provides specialty industrial products in the United States, Puerto Rico, Mexico, Canada, and internationally. It operates through two segments: Commercial Air Handling Equipment; and Industrial and Transportation Products. The Commercial Air Handling segment designs, manufactures, and installs large-scale commercial, institutional, and industrial custom air handling solutions to health care, education, pharmaceutical, and industrial manufacturing markets under the FactoryBilt and SiteBilt brand names.

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