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

Crawford & Company (NYSE:CRD.B)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $10.38, but opened at $10.82. Crawford & Company shares last traded at $10.6450, with a volume of 511 shares changing hands.

Crawford & Company Stock Performance

The company has a market capitalization of $528.27 million, a P/E ratio of 16.52 and a beta of 0.70. The stock’s fifty day moving average price is $10.23 and its 200-day moving average price is $10.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.36.

Crawford & Company (NYSE:CRD.B) last issued its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Crawford & Company had a return on equity of 28.00% and a net margin of 2.42%.The business had revenue of $322.17 million during the quarter, compared to analysts’ expectations of $344.32 million. As a group, research analysts anticipate that Crawford & Company will post 0.83 EPS for the current fiscal year.

Insider Activity

In other Crawford & Company news, CEO Rohit Verma sold 125,414 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $11.00, for a total transaction of $1,379,554.00. Following the sale, the chief executive officer owned 205,084 shares of the company’s stock, valued at approximately $2,255,924. This represents a 37.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 51.04% of the stock is owned by company insiders.

Crawford & Company Company Profile

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.