Educational Development (NASDAQ:EDUC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research note issued to investors on Thursday. The brokerage issued a strong-buy rating on the stock.

Educational Development Trading Down 3.1 %

Educational Development stock opened at $1.26 on Thursday. The firm has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $1.74. Educational Development has a 12-month low of $1.21 and a 12-month high of $2.88. The stock has a market capitalization of $10.82 million, a PE ratio of -1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Raymond James Financial Inc. bought a new position in Educational Development Co. (NASDAQ:EDUC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,617 shares of the company’s stock, valued at approximately $41,000. Raymond James Financial Inc. owned about 0.29% of Educational Development as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.