Educational Development (NASDAQ:EDUC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Educational Development Corporation (NASDAQ:EDUC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, Weiss Ratings cut Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Educational Development Stock Performance

The company has a market capitalization of $12.68 million, a price-to-earnings ratio of 5.73 and a beta of 1.02. The stock has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $1.38.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EDUC. Citadel Advisors LLC bought a new stake in shares of Educational Development in the 3rd quarter worth about $36,000. State Street Corp raised its stake in shares of 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 in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in shares of Educational Development during the fourth quarter worth about $29,000. 19.60% of the stock is owned by institutional investors and hedge funds.

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.