Educational Development Corpora (EDUC) Trades at New 52-Week High


In the market the company is trading up by 8.47%% since yesterday’s close of 11.8. It is currently trading at $12.80 quite a bit higher than the 50 day moving average which is $10.45 and which is significantly above the 200 day moving average of $9.86. The 50 day moving average went up by +22.54% and the 200 day average went up $2.94 or +29.77%.

Short traders are feeling a little more bearish on the company recently as indicated by the uptick in short interest. The firm recorded a rise in short interest of 0.24% between September 15, 2017 and September 29, 2017. Short shares grew 351 over that period. Days to cover decreased from 104.0 to 21.0 and the percentage of shorted shares was 0.04% on September 29.

Educational Development Corporation (EDC), launched on August 23, 1965, is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Company also owns Kane Miller Book Publishers. The Company sells books through two segments: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing). The Company offers over 2,000 different titles, which include touchy-feely board books, activity and flashcards, adventure and search books, art books, sticker books and foreign language books. The Company has a line of Internet-linked books, which allow readers to refer to relevant non-Usborne Websites. Its books include science and math titles, as well as chapter books and novels..

A few notable investment firms have updated their holdings. Blackrock Inc. downsized its position by shedding 11,180 shares a decrease of 95.4% as of 06/30/2017. Blackrock Inc. now holds 539 shares valued at $6,000. The value of the position overall is down by 92.4%. As of quarter end Creative Planning had sold 134 shares trimming its stake by 67.0%. The value of the total investment in Educational Development Corpora went from $3,000 to $1,000 a change of $2,000 quarter over quarter.

Tower Research Capital LLC (trc) cut its stake by selling 456 shares a decrease of 69.5%. Tower Research Capital LLC (trc) currently owns 200 shares worth $2,000. The total value of its holdings decreased 71.4%. As of the end of the quarter Ubs Group Ag had acquired a total of 500 shares growing its holdings by 29.4%. The value of the company’s investment in Educational Development Corpora increased from $11,000 to $23,000 a change of 109.1% for the reporting period.

The P/E ratio is currently 12.55 and the market cap of the company is 52.34M.