Educational Development (NASDAQ:EDUC) Posts Quarterly Earnings Results

Educational Development (NASDAQ:EDUC) announced its quarterly earnings results on Tuesday. The company reported ($0.37) EPS for the quarter, FiscalAI reports. The firm had revenue of $4.18 million during the quarter. Educational Development had a net margin of 16.10% and a negative return on equity of 13.61%.

Educational Development Stock Down 0.3%

Shares of NASDAQ:EDUC traded down $0.01 during trading on Tuesday, reaching $1.49. The stock had a trading volume of 38,699 shares, compared to its average volume of 34,799. Educational Development has a 52 week low of $1.01 and a 52 week high of $1.84. The firm has a market capitalization of $12.68 million, a price-to-earnings ratio of 3.17 and a beta of 1.02. The stock has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.36.

Hedge Funds Weigh In On Educational Development

A number of institutional investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in shares of Educational Development during the third quarter worth approximately $36,000. Bridgeway Capital Management LLC acquired a new position in shares of Educational Development during the fourth quarter worth approximately $29,000. Finally, State Street Corp lifted its holdings 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 worth $42,000 after buying an additional 16,400 shares during the last quarter. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Educational Development from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Educational Development presently has a consensus rating of “Hold”.

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.