Educational Development Co. (NASDAQ:EDUC – Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 33,300 shares, an increase of 42.3% from the February 29th total of 23,400 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are short sold.
Educational Development Trading Up 2.5 %
EDUC traded up $0.05 during trading on Friday, reaching $2.07. The company had a trading volume of 18,469 shares, compared to its average volume of 47,898. The stock has a market cap of $17.74 million, a P/E ratio of 103.55 and a beta of 1.18. The business has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $1.33. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.99. The company has a quick ratio of 1.24, a current ratio of 3.64 and a debt-to-equity ratio of 0.57.
Educational Development (NASDAQ:EDUC – Get Free Report) last issued its quarterly earnings results on Thursday, January 11th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $16.94 million during the quarter. Educational Development had a return on equity of 0.53% and a net margin of 0.42%.
Institutional Trading of Educational Development
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Educational Development in a report on Sunday. They set a “strong-buy” rating for the company.
Read Our Latest Stock Report on Educational Development
About Educational Development
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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