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

Educational Development Corporation (NASDAQ:EDUC) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.41 and traded as low as $1.3680. Educational Development shares last traded at $1.39, with a volume of 70,931 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Educational Development presently has a consensus rating of “Sell”.

Educational Development Price Performance

The stock’s fifty day simple moving average is $1.46 and its 200-day simple moving average is $1.41. The company has a market capitalization of $11.76 million, a PE ratio of 6.00 and a beta of 1.04.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, July 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.57). Educational Development had a negative return on equity of 18.23% and a net margin of 9.75%.The firm had revenue of $4.76 million during the quarter, compared to analyst estimates of $53.10 million.

Institutional Trading of Educational Development

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of Educational Development in the 3rd quarter worth $36,000. Bridgeway Capital Management LLC purchased a new stake in shares of Educational Development during the 4th quarter worth about $29,000. Finally, State Street Corp increased its position in Educational Development by 106.0% during the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing 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.