Crown Crafts (NASDAQ:CRWS) Stock Crosses Above 200-Day Moving Average – Here’s Why
by Doug Wharley · The Cerbat GemCrown Crafts, Inc. (NASDAQ:CRWS – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.80 and traded as high as $2.85. Crown Crafts shares last traded at $2.85, with a volume of 7,923 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Crown Crafts in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Crown Crafts presently has an average rating of “Sell”.
Get Our Latest Research Report on Crown Crafts
Crown Crafts Stock Up 2.9%
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 $30.49 million, a P/E ratio of -3.20 and a beta of 0.64. The company has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $2.80.
Crown Crafts (NASDAQ:CRWS – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The textile maker reported $0.14 earnings per share for the quarter. Crown Crafts had a positive return on equity of 2.93% and a negative net margin of 11.10%.The business had revenue of $20.72 million during the quarter.
Crown Crafts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Friday, March 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.2%. The ex-dividend date was Friday, March 13th. Crown Crafts’s dividend payout ratio is presently -35.96%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWS. LPL Financial LLC bought a new position in Crown Crafts in the 4th quarter worth approximately $477,000. Weinberger Asset Management Inc purchased a new stake in shares of Crown Crafts during the 4th quarter worth approximately $61,000. Synovus Financial Corp raised its holdings in shares of Crown Crafts by 7.5% during the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after acquiring an additional 21,122 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Crown Crafts during the 4th quarter worth approximately $41,000. Finally, XTX Topco Ltd purchased a new stake in shares of Crown Crafts during the 4th quarter worth approximately $32,000. 30.23% of the stock is currently owned by institutional investors.
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.