CRA International (NASDAQ:CRAI) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) shares 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.

Analyst Upgrades and Downgrades

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

CRA International Price Performance

The firm has a market capitalization of $1.25 billion, a P/E ratio of 29.83, a PEG 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.19. The company had revenue of $167.75 million for the quarter, compared to analysts' expectations of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same period last year, the firm earned $1.13 EPS. Analysts expect that CRA International, Inc. will post 7.15 earnings per share for the current year.

Insider Activity

In other news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the completion of the sale, the chief executive officer now owns 151,712 shares in the company, valued at approximately $29,060,433.60. This represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On CRA International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in CRA International in the 2nd quarter worth about $221,000. SG Americas Securities LLC purchased a new position in shares of CRA International in the third quarter worth approximately $573,000. Arkadios Wealth Advisors raised its holdings in shares of CRA International by 48.7% during the third quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider's stock valued at $782,000 after acquiring an additional 1,460 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of CRA International by 2.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider's stock valued at $543,000 after acquiring an additional 86 shares in the last quarter. Finally, Foundry Partners LLC grew 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 purchasing an additional 180 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

About CRA International

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.