Educational Development Co. (NASDAQ:EDUC) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.51 and traded as low as $6.16. Educational Development shares last traded at $6.26, with a volume of 4,190 shares.

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.89 and a quick ratio of 0.25. The firm’s 50-day simple moving average is $6.49 and its two-hundred day simple moving average is $6.64. The company has a market capitalization of $53.43 million, a price-to-earnings ratio of 9.01 and a beta of 1.36.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Thursday, October 10th. The company reported $0.12 earnings per share for the quarter. Educational Development had a net margin of 4.62% and a return on equity of 21.70%. The company had revenue of $32.54 million for the quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.20 annualized dividend and a yield of 3.02%.

A hedge fund recently raised its stake in Educational Development stock. Renaissance Technologies LLC raised its holdings in Educational Development Co. (NASDAQ:EDUC) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,424 shares of the company’s stock after purchasing an additional 6,600 shares during the period. Renaissance Technologies LLC owned 2.40% of Educational Development worth $1,415,000 at the end of the most recent reporting period. 16.96% of the stock is currently owned by institutional investors.

About Educational Development (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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