Crown Crafts (CRWS) Stock Rating Lowered by ValuEngine

Crown Crafts (NASDAQ:CRWS) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday, ValuEngine reports.

Shares of CRWS stock opened at $4.71 on Tuesday. Crown Crafts has a 1 year low of $4.01 and a 1 year high of $6.25. The company has a quick ratio of 1.48, a current ratio of 3.46 and a debt-to-equity ratio of 0.05. The firm has a market cap of $52.94 million, a PE ratio of 8.72 and a beta of 0.57.

Hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC bought a new stake in shares of Crown Crafts during the 4th quarter valued at $164,000. North Star Investment Management Corp. grew its position in shares of Crown Crafts by 3.1% during the 1st quarter. North Star Investment Management Corp. now owns 813,436 shares of the textile maker’s stock valued at $4,197,000 after acquiring an additional 24,157 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Crown Crafts by 375.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,393 shares of the textile maker’s stock valued at $1,055,000 after acquiring an additional 154,318 shares during the period. Renaissance Technologies LLC grew its position in shares of Crown Crafts by 1.0% during the 1st quarter. Renaissance Technologies LLC now owns 310,400 shares of the textile maker’s stock valued at $1,602,000 after acquiring an additional 3,200 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Crown Crafts during the 1st quarter valued at $68,000. 37.90% of the stock is owned by hedge funds and other institutional investors.

About Crown Crafts

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; 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.

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