Educational Development (NASDAQ:EDUC) Stock Price Up 1.2% – Still a Buy?

Educational Development Corporation (NASDAQ:EDUC)’s share price shot up 1.2% during mid-day trading on Friday. The stock traded as high as $0.9298 and last traded at $0.86. Approximately 10,190 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 33,898 shares. The stock had previously closed at $0.85.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Educational Development currently has an average rating of “Sell”.

Educational Development Stock Performance

The stock has a market capitalization of $7.33 million, a P/E ratio of 4.53 and a beta of 1.13. The stock has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.34.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings results on Wednesday, October 14th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.60). The business had revenue of $4.07 million during the quarter, compared to analysts’ expectations of $53.10 million. Educational Development had a negative return on equity of 18.72% and a net margin of 8.60%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Empowered Funds LLC acquired a new position in Educational Development Corporation (NASDAQ:EDUC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $26,000. Empowered Funds LLC owned approximately 0.23% of Educational Development at the end of the most recent quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

About Educational Development

Educational Development Corporation (NASDAQ: EDUC) is a publisher and distributor of educational children’s books and related products. Through its PaperPie business, the company sells books primarily through direct-to-consumer channels, including independent brand partners and online platforms. The company’s product portfolio includes children’s fiction and nonfiction, activity books, reference materials, early-learning resources, and other educational products. It has also distributed titles from Usborne Publishing, a United Kingdom-based children’s publisher, to customers in the United States and Canada.