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

Crawford & Company (NYSE:CRD.B)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.58, but opened at $10.13. Crawford & Company shares last traded at $10.2410, with a volume of 594 shares traded.

Crawford & Company Price Performance

The stock has a market cap of $498.89 million, a P/E ratio of 15.60 and a beta of 0.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50-day moving average price of $10.56 and a 200-day moving average price of $10.30.

Crawford & Company (NYSE:CRD.B) last posted its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $322.17 million during 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%. On average, analysts forecast that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Crawford & Company

In other Crawford & Company news, CEO Rohit Verma sold 125,414 shares of the firm’s stock in a transaction dated 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 owned 205,084 shares of the company’s stock, valued at $2,255,924. This trade represents a 37.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.