Educational Development (NASDAQ:EDUC) Stock Crosses Above 50-Day Moving Average of $6.30

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Educational Development Co. (NASDAQ:EDUC) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.30 and traded as high as $6.46. Educational Development shares last traded at $6.36, with a volume of 1,104 shares changing hands.

Separately, TheStreet downgraded Educational Development from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th.

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.93 and a quick ratio of 0.28. The business has a 50-day moving average of $6.29 and a 200-day moving average of $7.44. The firm has a market cap of $51.58 million, a price-to-earnings ratio of 8.05 and a beta of 1.37.

Educational Development (NASDAQ:EDUC) last released its earnings results on Thursday, July 11th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $27.59 million for the quarter. Educational Development had a return on equity of 24.42% and a net margin of 4.99%.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, August 19th.

In other Educational Development news, insider Keefe Daniel E. O purchased 5,000 shares of Educational Development stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average price of $6.90 per share, for a total transaction of $34,500.00. Following the completion of the acquisition, the insider now owns 16,605 shares of the company’s stock, valued at approximately $114,574.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 6,535 shares of company stock worth $44,726. 23.30% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of EDUC. Punch & Associates Investment Management Inc. grew its holdings in Educational Development by 14.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 37,700 shares of the company’s stock worth $285,000 after purchasing an additional 4,700 shares during the period. Granite Investment Partners LLC raised its position in shares of Educational Development by 87.8% in the first quarter. Granite Investment Partners LLC now owns 69,214 shares of the company’s stock valued at $524,000 after buying an additional 32,351 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Educational Development by 3.4% in the second quarter. Renaissance Technologies LLC now owns 202,424 shares of the company’s stock valued at $1,415,000 after buying an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

Educational Development Company Profile (NASDAQ:EDUC)

Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.

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