Charles River Associates (NASDAQ:CRAI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Charles River Associates (NASDAQ:CRAI) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $159.91 and traded as high as $168.92. Charles River Associates shares last traded at $164.99, with a volume of 87,747 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Charles River Associates in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Charles River Associates has a consensus rating of “Moderate Buy” and a consensus target price of $245.00.

Charles River Associates Trading Up 1.2%

The stock has a market cap of $1.04 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.65. The company’s fifty day simple moving average is $171.11 and its 200-day simple moving average is $159.89.

Charles River Associates (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $210.81 million during the quarter, compared to the consensus estimate of $198.91 million. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%. As a group, analysts expect that Charles River Associates will post 8.43 earnings per share for the current fiscal year.

Charles River Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. Charles River Associates’s dividend payout ratio (DPR) is currently 30.36%.

Insiders Place Their Bets

In other news, EVP Jonathan Yellin sold 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $173.25, for a total value of $389,812.50. Following the sale, the executive vice president directly owned 11,153 shares in the company, valued at approximately $1,932,257.25. This represents a 16.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.50% of the company’s stock.

Institutional Trading of Charles River Associates

Institutional investors have recently bought and sold shares of the stock. United Capital Financial Advisors LLC bought a new stake in Charles River Associates in the second quarter valued at $5,959,000. Dearborn Partners LLC bought a new position in shares of Charles River Associates during the second quarter valued at $357,000. Corient Private Wealth LP bought a new position in shares of Charles River Associates during the second quarter valued at $890,000. Bank of America Corp DE acquired a new stake in shares of Charles River Associates in the 2nd quarter valued at $3,046,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Charles River Associates in the 2nd quarter valued at $590,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

Charles River Associates Company Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm that provides economic, financial, and management consulting services to corporations, law firms, government agencies, and other organizations. The company supports clients on complex business, regulatory, legal, and strategic matters.

Its services include economic and competition analysis, antitrust and merger-related consulting, litigation support, regulatory and public policy advice, financial and valuation analysis, and business strategy.