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

StockNews.com assumed coverage on shares of Educational Development (NASDAQ:EDUC) in a report published on Sunday. The firm issued a strong-buy rating on the stock.

Educational Development Trading Up 2.4 %

EDUC opened at $1.70 on Friday. The stock has a market capitalization of $14.59 million, a price-to-earnings ratio of -5.31 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Educational Development has a twelve month low of $1.11 and a twelve month high of $2.95. The company has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.97.

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

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 805,000 shares of the company’s stock after acquiring an additional 55,000 shares during the quarter. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 at the end of the most recent quarter. 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.