Crawford & Company (NYSE:CRD.B) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Shares of Crawford & Company (NYSE:CRD.B – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $10.55, but opened at $10.11. Crawford & Company shares last traded at $10.5140, with a volume of 149 shares.

Crawford & Company Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $515.18 million, a PE ratio of 16.11 and a beta of 0.70. The business has a fifty day moving average price of $10.28 and a 200-day moving average price of $10.20.

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

Insider Activity at Crawford & Company

In other 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 value 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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