CorVel (NASDAQ:CRVL) Issues Earnings Results

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

CorVel Price Performance

NASDAQ CRVL traded down $2.53 during trading on Thursday, hitting $125.93. The company’s stock had a trading volume of 6,832 shares, compared to its average volume of 104,312. The company has a market cap of $6.42 billion, a PE ratio of 80.21 and a beta of 1.16. The business’s 50 day simple moving average is $123.83 and its 200-day simple moving average is $112.27. CorVel has a fifty-two week low of $76.20 and a fifty-two week high of $128.61.

Insider Transactions at CorVel

In related news, EVP Mark E. Bertels sold 1,050 shares of CorVel stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $119.12, for a total transaction of $125,072.50. Following the completion of the transaction, the executive vice president now directly owns 2,580 shares in the company, valued at approximately $307,321. This trade represents a 28.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.