Educational Development (NASDAQ:EDUC) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Educational Development Corporation (NASDAQ:EDUC)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.39 and traded as low as $0.9850. Educational Development shares last traded at $1.02, with a volume of 65,863 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Educational Development from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Educational Development Stock Performance

The stock has a 50 day moving average price of $1.28 and a two-hundred day moving average price of $1.38. The company has a market capitalization of $8.69 million, a PE ratio of 5.37 and a beta of 1.09.

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

Educational Development Company Profile

Educational Development Corporation (NASDAQ: EDUC) is a U.S.-based publisher and distributor of children’s books and educational products. Headquartered in Tulsa, Oklahoma, the company serves families, educators and other customers through a combination of publishing, wholesale distribution and direct selling.

EDC’s business includes the Usborne Books & More direct-selling operation, which distributes children’s books through a network of independent consultants. Its product range includes picture books, early-learning titles, activity books, fiction and nonfiction for children, along with selected educational products, games and related items.

The company also operates Kane Miller, an imprint focused on publishing and distributing children’s books, including titles translated or licensed from international publishers.