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

Educational Development Co. (NASDAQ:EDUC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.93 and traded as low as $1.57. Educational Development shares last traded at $1.58, with a volume of 4,634 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Educational Development in a research report on Thursday. They set a “strong-buy” rating on the stock.

Educational Development Stock Down 2.5 %

The firm has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.93. The company has a market capitalization of $13.56 million, a PE ratio of -2.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Monday, January 13th. The company reported ($0.10) earnings per share (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

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC boosted its position in Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 805,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 19.60% of the stock is currently owned by institutional investors.

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.