Educational Development (NASDAQ:EDUC) Shares Pass Below 200-Day Moving Average – What’s Next?

Educational Development Co. (NASDAQ:EDUC)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.91 and traded as low as $1.52. Educational Development shares last traded at $1.60, with a volume of 30,462 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Educational Development in a report on Friday. They issued a “strong-buy” rating on the stock.

Educational Development Stock Performance

The company has a market cap of $13.30 million, a P/E ratio of -2.35 and a beta of 1.05. The business’s 50 day simple moving average is $1.65 and its 200 day simple moving average is $1.91. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EDUC. Needham Investment Management LLC boosted its stake in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after buying an additional 55,000 shares during the period. Ridgewood Investments LLC raised its holdings in shares of Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after acquiring an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Educational Development in the fourth quarter valued at about $41,000. 19.60% of the stock is owned by hedge funds and other institutional investors.

Educational Development Company Profile

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.