Crawford & Company (NYSE:CRD.B) Trading 7.2% Higher – Still a Buy?

Crawford & Company (NYSE:CRD.B) shot up 7.2% during trading on Tuesday . The company traded as high as $10.23 and last traded at $10.3580. 6,359 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 19,603 shares. The stock had previously closed at $9.66.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Crawford & Company from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Crawford & Company Trading Down 1.2%

The company has a market capitalization of $497.75 million, a P/E ratio of 26.22 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $10.31.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, March 2nd. The business services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The firm had revenue of $308.52 million during the quarter, compared to the consensus estimate of $332.41 million. Crawford & Company had a net margin of 1.50% and a return on equity of 26.21%. As a group, analysts forecast that Crawford & Company will post 1 EPS for the current fiscal year.

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.