Crown Crafts Inc. (NASDAQ:CRWS) hit a new 52-week high on Friday . The stock traded as high as $10.06 and last traded at $10.05, with a volume of 17,075 shares traded. The stock had previously closed at $10.00.

Separately, Zacks Investment Research upgraded Crown Crafts from a “sell” rating to a “hold” rating in a report on Friday, July 8th.

The firm has a 50 day moving average of $9.64 and a 200 day moving average of $9.03. The stock has a market capitalization of $100.40 million and a price-to-earnings ratio of 14.78.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Thursday, June 9th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The company earned $25.10 million during the quarter. On average, equities analysts predict that Crown Crafts Inc. will post $0.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Friday, June 17th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.32 annualized dividend and a dividend yield of 3.18%.

An institutional investor recently raised its position in Crown Crafts stock. Opus Capital Group LLC boosted its position in shares of Crown Crafts Inc. (NASDAQ:CRWS) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 246,621 shares of the company’s stock after buying an additional 6,400 shares during the period. Opus Capital Group LLC owned about 2.47% of Crown Crafts worth $2,094,000 at the end of the most recent reporting period.

Crown Crafts, Inc, operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc (CCIP) and Hamco, Inc (Hamco), in the infant and toddler products segment within the consumer products industry. The infant and toddler products segment consists of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.

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