Educational Development (NASDAQ:EDUC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Educational Development (NASDAQ:EDUC) in a research note published on Tuesday morning. The firm issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of NASDAQ EDUC opened at $1.88 on Tuesday. Educational Development has a 1 year low of $0.80 and a 1 year high of $2.95. The firm has a market cap of $16.13 million, a P/E ratio of -5.88 and a beta of 1.07. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67.

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

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the period. Needham Investment Management LLC owned about 9.38% of Educational Development worth $1,884,000 at the end of the most recent reporting period. 19.60% of the stock is owned by institutional investors and hedge funds.

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.