Educational Development (NASDAQ:EDUC) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Educational Development Co. (NASDAQ:EDUC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.93 and traded as low as $1.57. Educational Development shares last traded at $1.58, with a volume of 4,634 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Educational Development in a report on Thursday. They issued a “strong-buy” rating on the stock.

Educational Development Trading Down 2.5 %

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 business’s 50-day simple moving average is $1.70 and its two-hundred day simple moving average is $1.93. The stock has a market capitalization of $13.56 million, a price-to-earnings ratio of -2.39 and a beta of 1.05.

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

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.