Crawford & Company (NYSE:CRD.B) Shares Gap Up – Time to Buy?

Crawford & Company (NYSE:CRD.B)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.09, but opened at $10.74. Crawford & Company shares last traded at $10.5250, with a volume of 634 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Crawford & Company from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Crawford & Company currently has a consensus rating of “Sell”.

Crawford & Company Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $525.17 million, a PE ratio of 29.93 and a beta of 0.61. The stock’s fifty day simple moving average is $10.04 and its 200-day simple moving average is $10.26.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings data on Monday, May 4th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Crawford & Company had a return on equity of 24.21% and a net margin of 1.37%.The business had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $303.20 million. On average, research analysts predict that Crawford & Company will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Crawford & Company

In related news, EVP Andrew John Bart sold 14,005 shares of Crawford & Company stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total transaction of $144,531.60. Following the transaction, the executive vice president owned 113,390 shares in the company, valued at approximately $1,170,184.80. The trade was a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tami E. Stevenson sold 19,220 shares of Crawford & Company stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.46, for a total transaction of $181,821.20. Following the sale, the senior vice president directly owned 22,248 shares in the company, valued at $210,466.08. This trade represents a 46.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,282 shares of company stock worth $578,875 in the last 90 days. Company 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.