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

Educational Development Corporation (NASDAQ:EDUC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.37 and traded as low as $1.25. Educational Development shares last traded at $1.30, with a volume of 7,786 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Educational Development from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Educational Development Stock Performance

The company’s 50-day moving average price is $1.36 and its 200-day moving average price is $1.37. The firm has a market capitalization of $11.06 million, a PE ratio of 2.77 and a beta of 1.00.

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

Institutional Trading of Educational Development

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EDUC. State Street Corp grew 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 purchasing an additional 16,400 shares during the period. Bridgeway Capital Management LLC purchased a new position in Educational Development in the fourth quarter valued at approximately $29,000. Finally, Citadel Advisors LLC acquired a new position in Educational Development during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

About Educational Development

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.