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

Educational Development Corporation (NASDAQ:EDUC) shares crossed 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 $1.33. Educational Development shares last traded at $1.37, with a volume of 199,318 shares traded.

Analyst Ratings Changes

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 data from MarketBeat, the company has an average rating of “Sell”.

Educational Development Price Performance

The company has a market capitalization of $11.59 million, a price-to-earnings ratio of 5.91 and a beta of 1.04. The company’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.41.

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

Hedge Funds Weigh In On Educational Development

Several large investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC purchased a new position in shares of Educational Development in the 4th quarter worth approximately $29,000. State Street Corp boosted its holdings in Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after purchasing an additional 16,400 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Educational Development during the third quarter worth about $36,000. 19.60% of the stock is currently owned by institutional investors.

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.