Crown Crafts (NASDAQ:CRWS) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.85 and traded as high as $2.91. Crown Crafts shares last traded at $2.91, with a volume of 65,151 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Crown Crafts in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Crown Crafts Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 3.14 and a quick ratio of 1.25. The company has a fifty day moving average price of $2.73 and a 200 day moving average price of $2.85. The stock has a market cap of $31.15 million, a P/E ratio of -3.10 and a beta of 0.59.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Wednesday, November 12th. The textile maker reported $0.11 EPS for the quarter. Crown Crafts had a negative net margin of 11.48% and a positive return on equity of 1.24%. The business had revenue of $23.70 million during the quarter.

Crown Crafts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 11.0%. Crown Crafts’s payout ratio is -34.04%.

Insider Activity at Crown Crafts

In related news, Director Donald R. Ratajczak bought 10,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $2.80 per share, for a total transaction of $28,000.00. Following the completion of the acquisition, the director directly owned 331,181 shares of the company’s stock, valued at $927,306.80. This trade represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 25,000 shares of company stock valued at $69,000 over the last three months. Corporate insiders own 11.60% of the company’s stock.

Institutional Investors Weigh In On Crown Crafts

A number of institutional investors and hedge funds have recently bought and sold shares of CRWS. Bridgeway Capital Management LLC boosted its holdings in Crown Crafts by 3.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after acquiring an additional 3,688 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Crown Crafts by 7.5% during the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after buying an additional 21,122 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Crown Crafts by 72.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after buying an additional 9,802 shares during the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.