CRA International (NASDAQ:CRAI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of CRA International, Inc. (NASDAQ:CRAI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $179.79 and traded as high as $186.65. CRA International shares last traded at $186.10, with a volume of 22,896 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barrington Research boosted their price target on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

CRA International Trading Up 1.7 %

The company has a market cap of $1.26 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14. The firm’s fifty day moving average price is $188.11 and its 200-day moving average price is $179.79.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. The business had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same period in the previous year, the firm posted $1.13 EPS. As a group, research analysts anticipate that CRA International, Inc. will post 7.15 EPS for the current year.

Insider Activity at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the sale, the chief executive officer now directly owns 151,712 shares of the company’s stock, valued at $29,060,433.60. The trade was a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CRA International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its position in CRA International by 2.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after buying an additional 86 shares in the last quarter. Foundry Partners LLC lifted its position in CRA International by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after buying an additional 180 shares in the last quarter. Quantbot Technologies LP bought a new stake in CRA International during the 3rd quarter worth about $164,000. Marshall Wace LLP bought a new stake in CRA International during the 2nd quarter worth about $221,000. Finally, Arkadios Wealth Advisors lifted its position in CRA International by 48.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider’s stock worth $782,000 after buying an additional 1,460 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.