Educational Development (NASDAQ:EDUC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Educational Development Co. (NASDAQ:EDUC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.75 and traded as low as $1.27. Educational Development shares last traded at $1.27, with a volume of 1,605 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Educational Development in a research report on Thursday. They issued a “strong-buy” rating for the company.

Educational Development Stock Down 3.1 %

The company has a market capitalization of $10.82 million, a P/E ratio of -1.91 and a beta of 1.08. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $1.44 and a 200-day simple moving average of $1.74.

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

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC grew its position in Educational Development Co. (NASDAQ:EDUC) by 158.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,342 shares of the company’s stock after purchasing an additional 37,022 shares during the period. Ridgewood Investments LLC owned approximately 0.70% of Educational Development worth $100,000 at the end of the most recent quarter. 19.60% of the stock is owned by 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.