Educational Development (NASDAQ:EDUC) Stock Jumps 1.2% – Still a Buy?

Educational Development Corporation (NASDAQ:EDUC – Get Free Report) rose 1.2% on Friday. The company traded as high as $0.9298 and last traded at $0.86. 10,190 shares traded hands during trading, a decline of 70% from the average daily volume of 33,898 shares. The stock had previously closed at $0.85.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Educational Development

Educational Development Stock Up 1.2%

The firm’s 50-day simple moving average is $1.17 and its 200-day simple moving average is $1.34. The firm has a market capitalization of $7.33 million, a PE ratio of 4.53 and a beta of 1.13.

Educational Development (NASDAQ:EDUC – Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.60). Educational Development had a net margin of 8.60% and a negative return on equity of 18.72%. The company had revenue of $4.07 million for the quarter, compared to the consensus estimate of $53.10 million.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new position in Educational Development stock. Empowered Funds LLC acquired a new stake in Educational Development Corporation (NASDAQ:EDUC – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $26,000. Empowered Funds LLC owned about 0.23% of Educational Development as of its most recent filing with the Securities & Exchange Commission. 19.60% of the stock is owned by institutional investors.

Educational Development Company Profile

(Get Free Report)

Educational Development Corporation (NASDAQ: EDUC) is a publisher and distributor of educational children’s books and related products. Through its PaperPie business, the company sells books primarily through direct-to-consumer channels, including independent brand partners and online platforms. The company’s product portfolio includes children’s fiction and nonfiction, activity books, reference materials, early-learning resources, and other educational products. It has also distributed titles from Usborne Publishing, a United Kingdom-based children’s publisher, to customers in the United States and Canada.

Further Reading

Receive News & Ratings for Educational Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Educational Development and related companies with MarketBeat.com's FREE daily email newsletter.