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

Educational Development Corporation (NASDAQ:EDUC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.32 and traded as low as $1.26. Educational Development shares last traded at $1.33, with a volume of 5,753 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Educational Development in a research note on Thursday, October 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Educational Development Stock Up 2.3%

The stock has a market cap of $11.41 million, a P/E ratio of -2.46 and a beta of 1.07. The business’s 50-day simple moving average is $1.39 and its two-hundred day simple moving average is $1.32.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $4.62 million during the quarter. Educational Development had a negative net margin of 15.48% and a negative return on equity of 11.37%.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Citadel Advisors LLC acquired a new stake in shares of Educational Development Corporation (NASDAQ:EDUC) during the third quarter, according to its most recent filing with the SEC. The fund acquired 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.31% of Educational Development as of its most recent filing with the SEC. 19.60% of the stock is currently owned by institutional investors and hedge funds.

About Educational Development

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.