Crawford & Company (NYSE:CRD.B) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

Crawford & Company (NYSE:CRD.B – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $10.38, but opened at $10.82. Crawford & Company shares last traded at $10.6450, with a volume of 511 shares.

Crawford & Company Trading Up 0.2%

The firm has a market cap of $528.27 million, a PE ratio of 16.52 and a beta of 0.70. The firm has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $10.19. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06.

Crawford & Company (NYSE:CRD.B – Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Crawford & Company had a return on equity of 28.00% and a net margin of 2.42%.The business had revenue of $322.17 million for the quarter, compared to analysts’ expectations of $344.32 million. Equities analysts forecast that Crawford & Company will post 0.83 EPS for the current year.

Insider Buying and Selling

In related news, CEO Rohit Verma sold 125,414 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total transaction of $1,379,554.00. Following the completion of the sale, the chief executive officer directly owned 205,084 shares in the company, valued at approximately $2,255,924. The trade was a 37.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 51.04% of the company’s stock.

About Crawford & Company

(Get Free Report)

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.

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