Educational Development (NASDAQ:EDUC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Educational Development Corporation (NASDAQ:EDUC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.34 and traded as low as $1.31. Educational Development shares last traded at $1.3610, with a volume of 18,391 shares trading hands.

Educational Development Price Performance

The firm has a market capitalization of $11.58 million, a P/E ratio of 2.90 and a beta of 1.06. The business has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.34.

Educational Development (NASDAQ:EDUC) last released its earnings results on Thursday, January 8th. The company reported $0.91 earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 13.61% and a net margin of 16.10%.The firm had revenue of $7.01 million for the quarter.

Institutional Trading of Educational Development

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in shares of Educational Development by 106.0% during the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after buying an additional 16,400 shares during the last quarter. Citadel Advisors LLC bought a new position in Educational Development during the third quarter valued at about $36,000. Finally, Bridgeway Capital Management LLC acquired a new position in Educational Development in the 4th quarter valued at approximately $29,000. 19.60% of the stock is currently 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.