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

Educational Development Corporation (NASDAQ:EDUC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.35 and traded as low as $1.33. Educational Development shares last traded at $1.37, with a volume of 4,882 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Educational Development Stock Performance

The stock has a market cap of $11.66 million, a P/E ratio of 2.91 and a beta of 1.03. The stock has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.35.

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

Hedge Funds Weigh In On Educational Development

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in shares of Educational Development during the 3rd quarter valued at $36,000. State Street Corp lifted its holdings in shares of Educational Development by 106.0% during the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after acquiring an additional 16,400 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in Educational Development in the fourth quarter worth $29,000. Institutional investors own 19.60% of the company’s stock.

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.