Educational Development (NASDAQ:EDUC) Research Coverage Started at StockNews.com

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

Educational Development Price Performance

NASDAQ:EDUC opened at $1.70 on Friday. 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 12-month low of $1.11 and a 12-month high of $2.95. The stock’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $1.97. The firm has a market capitalization of $14.59 million, a price-to-earnings ratio of -5.31 and a beta of 1.06.

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

Institutional Investors Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC increased its position in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned approximately 9.38% of Educational Development worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission. 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.