Educational Development (NASDAQ:EDUC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened
by Danessa Lincoln · The Markets DailyEducational Development Corporation (NASDAQ:EDUC – Get Free Report)’s stock price passed 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 traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Educational Development from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on EDUC
Educational Development Stock Performance
The firm has a market capitalization of $11.06 million, a price-to-earnings ratio of 2.77 and a beta of 1.00. The firm has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.37.
Educational Development (NASDAQ:EDUC – Get Free Report) last posted its earnings results on Thursday, January 8th. The company reported $0.91 earnings per share (EPS) for the quarter. Educational Development had a net margin of 16.10% and a negative return on equity of 13.61%. The firm had revenue of $7.01 million during the quarter.
Hedge Funds Weigh In On Educational Development
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC acquired a new stake in Educational Development in the 4th quarter valued at $29,000. Citadel Advisors LLC purchased a new stake in shares of Educational Development in the third quarter worth about $36,000. Finally, State Street Corp grew its stake in shares of Educational Development by 106.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds 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.