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

Educational Development Corporation (NASDAQ:EDUC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.37 and traded as low as $1.30. Educational Development shares last traded at $1.30, with a volume of 15,527 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings cut Educational Development from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Educational Development has a consensus rating of “Sell”.

Educational Development Stock Up 3.2%

The company has a 50 day simple moving average of $1.38 and a 200-day simple moving average of $1.37. The stock has a market cap of $11.06 million, a price-to-earnings ratio of 2.77 and a beta of 1.03.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Thursday, January 8th. The company reported $0.91 EPS 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 during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EDUC. Bridgeway Capital Management LLC acquired a new position in shares of Educational Development in the 4th quarter valued at about $29,000. State Street Corp grew its position 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 valued at $42,000 after buying an additional 16,400 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Educational Development during the third quarter worth about $36,000. 19.60% of the stock is currently owned by institutional investors.

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.