Educational Development (NASDAQ:EDUC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Educational Development Corporation (NASDAQ:EDUC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.38 and traded as high as $1.65. Educational Development shares last traded at $1.49, with a volume of 82,824 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Educational Development Stock Performance

The stock has a market cap of $12.68 million, a P/E ratio of 5.73 and a beta of 1.02. The stock has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.38.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Tuesday, May 19th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.65). The company had revenue of $4.18 million during the quarter, compared to the consensus estimate of $40.00 million. Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.

Hedge Funds Weigh In On Educational Development

Institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC purchased a new stake in shares of Educational Development during the 4th quarter valued at $29,000. State Street Corp grew its position in Educational Development by 106.0% in the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Educational Development in the third quarter worth $36,000. Institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.