Educational Development (NASDAQ:EDUC) Stock Jumps 1.2% – Should You Buy?

Educational Development Corporation (NASDAQ:EDUC)’s share price traded up 1.2% during trading on Friday. The company traded as high as $0.9298 and last traded at $0.86. 10,190 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 33,898 shares. The stock had previously closed at $0.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Educational Development Stock Up 1.2%

The business’s 50 day moving average is $1.17 and its two-hundred day moving average is $1.34. The firm has a market cap of $7.33 million, a P/E ratio of 4.53 and a beta of 1.13.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Wednesday, October 14th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.60). Educational Development had a net margin of 8.60% and a negative return on equity of 18.72%. The firm had revenue of $4.07 million for the quarter, compared to the consensus estimate of $53.10 million.

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Empowered Funds LLC purchased a new position in shares of Educational Development Corporation (NASDAQ:EDUC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $26,000. Empowered Funds LLC owned approximately 0.23% of Educational Development as of its most recent filing with the SEC. Institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

Educational Development Corporation (EDUC) is a U.S. publisher and distributor of children’s books. Its business includes publishing titles for young readers and distributing books from British publisher Usborne through its direct-selling network and other channels. The company’s catalog includes picture books, activity books, reference titles and other educational materials for children. Its Kane Miller imprint publishes children’s books, including titles from international authors and illustrators.