Educational Development (NASDAQ:EDUC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Educational Development (NASDAQ:EDUC) in a research note released on Saturday. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of Educational Development stock opened at $1.55 on Friday. The business’s fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.88. The firm has a market capitalization of $13.26 million, a P/E ratio of -2.34 and a beta of 1.05. Educational Development has a 12 month low of $1.46 and a 12 month high of $2.95. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61.

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

Institutional Trading of Educational Development

Hedge funds have recently bought and sold shares of the business. Needham Investment Management LLC lifted its position in shares of Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after buying an additional 37,022 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Educational Development during the 4th quarter valued at $41,000. 19.60% of the stock is currently owned by institutional investors.

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.