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

Educational Development Co. (NASDAQ:EDUC)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Educational Development in a research report on Friday. They set a “strong-buy” rating on the stock.

Educational Development Stock Performance

The stock has a market cap of $13.73 million, a P/E ratio of -2.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The company has a fifty day moving average of $1.66 and a 200 day moving average of $1.91.

Educational Development (NASDAQ:EDUC) last posted 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%.

Hedge Funds Weigh In On Educational Development

Several hedge funds have recently made changes to their positions in EDUC. Needham Investment Management LLC increased its holdings in shares of Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of Educational Development by 158.8% in the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after acquiring an additional 37,022 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Educational Development during the fourth quarter worth $41,000. Institutional investors and hedge funds 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.