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

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

Educational Development Stock Up 0.6 %

EDUC stock opened at $1.61 on Friday. Educational Development has a one year low of $0.99 and a one year high of $2.95. The stock has a market capitalization of $13.82 million, a P/E ratio of -5.03 and a beta of 1.05. The company has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $1.99. 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 released its earnings results on Thursday, October 10th. The company reported ($0.22) 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 during the quarter.

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC grew its position in Educational Development Co. (NASDAQ:EDUC) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. 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.