Crown Crafts (NASDAQ:CRWS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.80 and traded as high as $2.85. Crown Crafts shares last traded at $2.85, with a volume of 7,923 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Crown Crafts currently has a consensus rating of “Sell”.

Crown Crafts Trading Up 2.9%

The company’s fifty day moving average is $2.76 and its two-hundred day moving average is $2.80. The stock has a market cap of $30.50 million, a price-to-earnings ratio of -3.20 and a beta of 0.64. The company has a quick ratio of 1.47, a current ratio of 3.43 and a debt-to-equity ratio of 0.37.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Wednesday, February 11th. The textile maker reported $0.14 earnings per share for the quarter. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%. The firm had revenue of $20.72 million for the quarter.

Crown Crafts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Friday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a yield of 11.2%. Crown Crafts’s dividend payout ratio (DPR) is presently -35.96%.

Institutional Trading of Crown Crafts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC raised its holdings in Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after purchasing an additional 3,688 shares in the last quarter. Empowered Funds LLC raised its holdings in Crown Crafts by 7.8% during the fourth quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock worth $156,000 after purchasing an additional 4,078 shares in the last quarter. Geode Capital Management LLC raised its holdings in Crown Crafts by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock worth $296,000 after purchasing an additional 5,717 shares in the last quarter. Mariner LLC acquired a new stake in Crown Crafts during the fourth quarter worth approximately $28,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Crown Crafts during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 30.23% of the company’s stock.

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.