Crawford & Company (NYSE:CRD.B) Sees Unusually-High Trading Volume – Still a Buy?

Crawford & Company (NYSE:CRD.B) saw unusually-high trading volume on Thursday . Approximately 8,726 shares changed hands during mid-day trading, an increase of 104% from the previous session’s volume of 4,287 shares.The stock last traded at $10.53 and had previously closed at $10.36.

Crawford & Company Stock Performance

The firm’s fifty day moving average price is $10.56 and its 200 day moving average price is $10.30. 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 firm has a market capitalization of $513.75 million, a PE ratio of 16.06 and a beta of 0.70.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings results 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. Crawford & Company had a net margin of 2.42% and a return on equity of 28.00%. The firm had revenue of $322.17 million for the quarter, compared to analyst estimates of $344.32 million. On average, research analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Crawford & Company news, CEO Rohit Verma sold 125,414 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $11.00, for a total transaction of $1,379,554.00. Following the completion of the transaction, the chief executive officer owned 205,084 shares in the company, valued at approximately $2,255,924. This represents a 37.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 51.04% of the company’s stock.

About Crawford & Company

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.