Crown Crafts (NASDAQ:CRWS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Crown Crafts, Inc. (NASDAQ:CRWS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.79 and traded as high as $2.81. Crown Crafts shares last traded at $2.78, with a volume of 91,424 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Crown Crafts in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Crown Crafts Price Performance

The company has a current ratio of 3.43, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $30.60 million, a PE ratio of -3.21 and a beta of 0.65. The company has a fifty day moving average price of $2.75 and a two-hundred day moving average price of $2.80.

Crown Crafts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.32 annualized dividend and a yield of 11.2%. Crown Crafts’s dividend payout ratio is currently -35.96%.

Hedge Funds Weigh In On Crown Crafts

Several institutional investors have recently bought and sold shares of CRWS. Institute for Wealth Management LLC. acquired a new position in Crown Crafts in the 4th quarter valued at $28,000. Mariner LLC acquired a new position in Crown Crafts in the 4th quarter valued at $28,000. XTX Topco Ltd acquired a new position in Crown Crafts in the 4th quarter valued at $32,000. HB Wealth Management LLC acquired a new position in Crown Crafts in the 4th quarter valued at $41,000. Finally, Weinberger Asset Management Inc acquired a new position in Crown Crafts in the 4th quarter valued at $61,000. 30.23% of the stock is owned by institutional investors and hedge funds.

Crown Crafts Company Profile

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.