Crawford & Company (NYSE:CRD.B) Shares Gap Up – Time to Buy?
by Tristan Rich · The Markets DailyCrawford & Company (NYSE:CRD.B – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.05, but opened at $10.74. Crawford & Company shares last traded at $10.24, with a volume of 1,328 shares trading hands.
Crawford & Company Stock Up 0.9%
The stock has a market capitalization of $498.99 million, a price-to-earnings ratio of 15.60 and a beta of 0.70. The business has a 50-day moving average of $10.55 and a 200-day moving average of $10.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.36.
Crawford & Company (NYSE:CRD.B – Get Free Report) last announced its earnings results on Monday, November 3rd. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Crawford & Company had a net margin of 2.42% and a return on equity of 28.00%. The company had revenue of $322.17 million during the quarter, compared to analyst estimates of $344.32 million. On average, sell-side analysts expect that Crawford & Company will post 0.83 EPS for the current year.
Insiders Place Their Bets
In other Crawford & Company news, CEO Rohit Verma sold 125,414 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $11.00, for a total value of $1,379,554.00. Following the sale, the chief executive officer owned 205,084 shares of the company’s stock, valued at $2,255,924. The trade was a 37.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 51.04% of the company’s stock.
Crawford & Company Company Profile
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.