Educational Development (NASDAQ:EDUC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Educational Development Co. (NASDAQ:EDUC)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.77 and traded as low as $1.21. Educational Development shares last traded at $1.26, with a volume of 6,357 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Educational Development in a research report on Wednesday. They set a “strong-buy” rating for the company.

Educational Development Price Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The firm has a market cap of $11.85 million, a PE ratio of -2.09 and a beta of 1.08. The business’s fifty day moving average is $1.47 and its 200-day moving average is $1.77.

Educational Development (NASDAQ:EDUC) last issued its quarterly 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Needham Investment Management LLC grew its stake in Educational Development by 7.3% in the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares in the last quarter. Ridgewood Investments LLC grew its position 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 purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Educational Development in the fourth quarter valued at $41,000. 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.