Educational Development (NASDAQ:EDUC) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Educational Development Corporation (NASDAQ:EDUC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.32 and traded as low as $1.30. Educational Development shares last traded at $1.36, with a volume of 113,210 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Educational Development in a research report on Thursday, October 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Educational Development Stock Performance

The company’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.32. The stock has a market capitalization of $11.67 million, a PE ratio of -2.52 and a beta of 0.96.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 11.37% and a negative net margin of 15.48%.The company had revenue of $4.62 million during the quarter.

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC increased its position in Educational Development Corporation (NASDAQ:EDUC) by 30.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,675 shares of the company’s stock after purchasing an additional 18,333 shares during the period. Ridgewood Investments LLC owned 0.92% of Educational Development worth $108,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

About Educational Development

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.