Educational Development Co. (NASDAQ:EDUC – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.02 and traded as low as $2.01. Educational Development shares last traded at $2.10, with a volume of 5,197 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Educational Development in a research note on Saturday. They issued a “strong-buy” rating for the company.
Check Out Our Latest Analysis on Educational Development
Educational Development Stock Performance
Educational Development (NASDAQ:EDUC – Get Free Report) last released its earnings results on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $9.99 million for the quarter. Educational Development had a return on equity of 0.31% and a net margin of 0.30%.
Hedge Funds Weigh In On Educational Development
An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC purchased a new stake in Educational Development Co. (NASDAQ:EDUC – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned 0.28% of Educational Development as of its most recent filing with the Securities and Exchange Commission (SEC). 19.60% of the stock is owned by institutional investors.
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.
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