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

Educational Development Corporation (NASDAQ:EDUC)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.33 and traded as low as $1.32. Educational Development shares last traded at $1.40, with a volume of 38,688 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Educational Development in a research report on Thursday, October 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Educational Development has a consensus rating of “Sell”.

Educational Development Price Performance

The stock has a market capitalization of $11.91 million, a price-to-earnings ratio of 2.98 and a beta of 1.06. The stock has a 50 day moving average price of $1.36 and a 200-day moving average price of $1.33.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Thursday, January 8th. The company reported $0.91 earnings per share for the quarter. Educational Development had a negative return on equity of 13.61% and a net margin of 16.10%.The company had revenue of $7.01 million for the quarter.

Institutional Trading of Educational Development

An institutional investor recently bought a new position in Educational Development stock. Citadel Advisors LLC bought a new position in Educational Development Corporation (NASDAQ:EDUC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.31% of Educational Development at the end of the most recent reporting period. 19.60% of the stock is owned by institutional investors and hedge funds.

Educational Development Company Profile

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.