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

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

Educational Development Stock Up 0.3 %

Educational Development stock opened at $1.59 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. The firm has a market capitalization of $13.64 million, a price-to-earnings ratio of -2.41 and a beta of 1.05. Educational Development has a fifty-two week low of $1.46 and a fifty-two week high of $2.95. The stock’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.93.

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

Institutional Trading of Educational Development

Several large investors have recently bought and sold shares of EDUC. Raymond James Financial Inc. acquired a new stake in Educational Development in the fourth quarter valued at $41,000. Ridgewood Investments LLC lifted its position in shares of Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after acquiring an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC lifted its position in shares of Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors and hedge funds 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.