Educational Development (NASDAQ:EDUC) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Educational Development Co. (NASDAQ:EDUC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.91 and traded as low as $1.52. Educational Development shares last traded at $1.60, with a volume of 30,462 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Educational Development in a research note on Friday. They set a “strong-buy” rating on the stock.

Educational Development Trading Down 3.1 %

The stock has a 50-day moving average of $1.65 and a 200 day moving average of $1.91. The stock has a market cap of $13.30 million, a PE ratio of -2.35 and a beta of 1.05. 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 released its quarterly earnings data 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

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Educational Development during the 4th quarter worth approximately $41,000. Ridgewood Investments LLC raised its stake in shares of Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after buying an additional 37,022 shares during the period. Finally, Needham Investment Management LLC raised its stake in shares of Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after buying an additional 55,000 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.