Educational Development (NASDAQ:EDUC) Shares Cross Below 200-Day Moving Average – Should You Sell?

Educational Development Co. (NASDAQ:EDUC) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.75 and traded as low as $1.27. Educational Development shares last traded at $1.27, with a volume of 1,605 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Educational Development in a research report on Thursday. They set a “strong-buy” rating on the stock.

Educational Development Trading Down 3.1 %

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 $10.90 million, a price-to-earnings ratio of -1.92 and a beta of 1.08. The firm has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $1.75.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EDUC. Raymond James Financial Inc. bought a new stake in shares of Educational Development during the fourth quarter valued at approximately $41,000. Ridgewood Investments LLC increased its stake in Educational Development by 158.8% during the 4th 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, Needham Investment Management LLC raised its holdings 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 buying an additional 55,000 shares during the last quarter. 19.60% of the stock is 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.