StockNews.com Initiates Coverage on Educational Development (NASDAQ:EDUC)

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a report issued on Saturday. The brokerage set a “strong-buy” rating on the stock.

Educational Development Price Performance

Educational Development stock opened at $1.61 on Friday. The stock has a market cap of $13.82 million, a price-to-earnings ratio of -5.03 and a beta of 1.05. Educational Development has a 12-month low of $0.99 and a 12-month high of $2.95. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $1.99.

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

Institutional Investors Weigh In On Educational Development

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