Crown Crafts Coverage Initiated at Roth Capital (CRWS)

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Roth Capital assumed coverage on shares of Crown Crafts (NASDAQ: CRWS) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock.

Shares of Crown Crafts (NASDAQ: CRWS) traded down 0.43% during mid-day trading on Friday, hitting $5.954. Crown Crafts has a 52 week low of $4.80 and a 52 week high of $6.60. The stock’s 50-day moving average is currently $5.99. The company has a market cap of $58.5 million and a P/E ratio of 11.30.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Wednesday, June 12th.

Crown Crafts, Inc. operates indirectly through its wholly owned subsidiaries, Crown Crafts Infant Products, Inc.

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