Educational Development (NASDAQ:EDUC) Shares Pass Above 50-Day Moving Average – Here’s Why

Educational Development Corporation (NASDAQ:EDUC)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.38 and traded as high as $1.48. Educational Development shares last traded at $1.46, with a volume of 76,095 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Educational Development from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Educational Development Trading Up 3.5%

The stock has a market cap of $12.42 million, a PE ratio of 5.62 and a beta of 1.02. The company has a fifty day moving average of $1.38 and a 200-day moving average of $1.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC acquired a new position in Educational Development during the 4th quarter worth $29,000. Citadel Advisors LLC acquired a new position in Educational Development during the 3rd quarter worth $36,000. Finally, State Street Corp grew its stake in Educational Development by 106.0% during the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares in the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

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.