Crown Crafts (NASDAQ:CRWS) Share Price Crosses Above 200 Day Moving Average of $5.19

Crown Crafts, Inc. (NASDAQ:CRWS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.19 and traded as high as $5.22. Crown Crafts shares last traded at $5.01, with a volume of 35,408 shares trading hands.

Crown Crafts Stock Down 4.2 %

The firm has a market cap of $51.30 million, a PE ratio of 10.22 and a beta of 0.82. The company has a current ratio of 4.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $5.10 and a 200-day moving average price of $5.19.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Friday, June 28th. The textile maker reported $0.10 EPS for the quarter. The firm had revenue of $22.58 million during the quarter. Crown Crafts had a net margin of 5.58% and a return on equity of 9.77%.

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.39%. The ex-dividend date is Friday, June 14th. Crown Crafts’s dividend payout ratio (DPR) is 65.31%.

Institutional Investors Weigh In On Crown Crafts

A hedge fund recently raised its stake in Crown Crafts stock. Empowered Funds LLC raised its position in Crown Crafts, Inc. (NASDAQ:CRWS) by 8.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,922 shares of the textile maker’s stock after buying an additional 2,800 shares during the quarter. Empowered Funds LLC owned about 0.37% of Crown Crafts worth $193,000 as of its most recent filing with the SEC. 30.23% of the stock is currently owned by institutional investors and hedge funds.

Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.