Educational Development (NASDAQ:EDUC) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Educational Development Co. (NASDAQ:EDUC)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.46 and traded as low as $1.40. Educational Development shares last traded at $1.37, with a volume of 670 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of Educational Development in a report on Wednesday, May 21st. They issued a “strong-buy” rating for the company.

Educational Development Price Performance

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 firm has a market capitalization of $11.76 million, a price-to-earnings ratio of -2.08 and a beta of 1.03. The business’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.46.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.16) earnings per share for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%. The business had revenue of $6.64 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Raymond James Financial Inc. acquired a new stake in Educational Development Co. (NASDAQ:EDUC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,617 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned approximately 0.29% of Educational Development 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.