Extremely significant negative changes in Crawford & Co (NYSE: CRD.A) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
Positive development: significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CRD.A’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Crawford has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Crawford has a neutral Appreciation Score of 54 but a good Power Rating of 74, resulting in the Positive Value Trend Rating.
Recent Price Action
Crawford & Co (NYSE: CRD.A) stock closed at $8.09 on 3/8/24 after a decline of -2.5%. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -30.9% during the last week.
Be the first to comment