Educational Development (NASDAQ:EDUC) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued to investors on Saturday. The firm set a “strong-buy” rating on the stock.

Educational Development Stock Performance

EDUC opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 1.46. The business has a fifty day simple moving average of $1.87 and a 200 day simple moving average of $1.99. Educational Development has a 1 year low of $0.99 and a 1 year high of $2.95. The company has a market capitalization of $13.82 million, a PE ratio of -5.03 and a beta of 1.05.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The company had revenue of $6.51 million for the quarter.

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Needham Investment Management LLC raised its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.