Crown Crafts (NASDAQ:CRWS) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.85 and traded as high as $2.96. Crown Crafts shares last traded at $2.93, with a volume of 19,963 shares trading hands.

Analyst Upgrades and Downgrades

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

Crown Crafts Trading Down 2.4%

The firm has a market cap of $30.60 million, a P/E ratio of -3.04 and a beta of 0.59. The company has a 50 day moving average of $2.75 and a 200 day moving average of $2.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 3.14.

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

Crown Crafts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were issued a $0.08 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 11.2%. Crown Crafts’s dividend payout ratio is currently -34.04%.

Insiders Place Their Bets

In related news, Director Donald R. Ratajczak purchased 10,000 shares of Crown Crafts stock in a transaction on Monday, November 17th. The stock was bought at an average price of $2.80 per share, with a total value of $28,000.00. Following the completion of the transaction, the director directly owned 331,181 shares of the company’s stock, valued at approximately $927,306.80. This represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 25,000 shares of company stock worth $69,000 in the last 90 days. 11.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC boosted its position in Crown Crafts by 72.3% during the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after purchasing an additional 9,802 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of 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 buying an additional 3,688 shares during the period. Finally, Synovus Financial Corp boosted its holdings 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 during the period. 30.23% of the stock is owned by institutional investors.

About Crown Crafts

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.