CorVel (NASDAQ:CRVL) Issues Earnings Results

CorVel (NASDAQ:CRVL - Get Free Report) announced its quarterly earnings results on Tuesday. The business services provider reported $0.46 earnings per share for the quarter, Zacks reports. CorVel had a net margin of 9.64% and a return on equity of 31.73%.

CorVel Trading Down 5.6 %

CRVL traded down $6.83 during trading on Friday, reaching $115.94. The stock had a trading volume of 87,987 shares, compared to its average volume of 106,891. CorVel has a one year low of $76.20 and a one year high of $128.61. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 73.84 and a beta of 1.16. The stock's 50 day moving average is $123.87 and its two-hundred day moving average is $112.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CorVel from a "buy" rating to a "hold" rating in a report on Friday, January 3rd.

Insider Transactions at CorVel

In related news, EVP Mark E. Bertels sold 1,050 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $119.12, for a total transaction of $125,072.50. Following the sale, the executive vice president now owns 2,580 shares of the company's stock, valued at $307,321. The trade was a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 47.57% of the company's stock.

CorVel Company Profile

CorVel Corporation provides workers' compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.