Educational Development (NASDAQ:EDUC) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Educational Development Co. (NASDAQ:EDUC) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.77 and traded as low as $1.21. Educational Development shares last traded at $1.26, with a volume of 6,357 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Educational Development in a research report on Wednesday. They issued a “strong-buy” rating on the stock.

Educational Development Price Performance

The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.82 million, a price-to-earnings ratio of -1.91 and a beta of 1.08. The stock’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.77.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Monday, January 13th. The company reported ($0.10) EPS for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Hedge Funds Weigh In On Educational Development

Hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC increased its stake in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after purchasing an additional 55,000 shares during the period. Ridgewood Investments LLC grew its holdings in shares of Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Educational Development during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Company Profile

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.