Educational Development (NASDAQ:EDUC) Shares Pass Below 200 Day Moving Average – What’s Next?

Educational Development Co. (NASDAQ:EDUC)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Educational Development Stock Performance

The company’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.77. The company has a market capitalization of $11.85 million, a P/E ratio of -2.09 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.

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

Institutional Investors Weigh In On Educational Development

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Educational Development during the 4th quarter valued at about $41,000. Ridgewood Investments LLC boosted its stake in Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after buying an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC grew its position in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares during the last quarter. 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.