Crawford & Company (NYSE:CRD.B) Sets New 12-Month High – Should You Buy?

Crawford & Company (NYSE:CRD.BGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.79 and last traded at $11.71, with a volume of 2740 shares trading hands. The stock had previously closed at $11.38.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Crawford & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Crawford & Company has an average rating of “Hold”.

Get Our Latest Stock Analysis on CRD.B

Crawford & Company Stock Down 1.1%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.14. The firm has a market capitalization of $567.88 million, a price-to-earnings ratio of 24.27 and a beta of 0.60. The business has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.22.

Crawford & Company (NYSE:CRD.BGet Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $321.44 million during the quarter, compared to analyst estimates of $336.09 million. Crawford & Company had a net margin of 1.81% and a return on equity of 28.15%. On average, equities analysts expect that Crawford & Company will post 0.92 earnings per share for the current year.

Insider Activity at Crawford & Company

In related news, EVP Andrew John Bart sold 14,005 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $10.32, for a total value of $144,531.60. Following the completion of the transaction, the executive vice president directly owned 113,390 shares in the company, valued at $1,170,184.80. The trade was a 10.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 32,000 shares of company stock worth $327,140. 51.04% of the stock is owned by company insiders.

About Crawford & Company

(Get Free Report)

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.

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